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50 big colleges where alumni struggle to pay their loans (TESU on list)
Ben Wittstein
6/28/2018
#47. Thomas Edison State University
Location: Trenton, NJ
7-year repayment rate: 68.25%
Median debt: $10,750
Undergraduate population: 12,283
Admissions rate: N/A
https://www.msn.com/en-us/money/careersandeducation/50-big-colleges-where-alumni-struggle-to-pay-their-loans/ss-AAzdifL?li=BBnb7Kz#image=48
Non-Traditional Undergraduate College Credits (634 SH): *FTCC Noncourse Credits (156 SH) *DSST (78 SH) *CPL (64 SH) *JST Military/ACE (48 SH) *CBA (44 SH) *CLEP (42 SH) *FEMA IS (40 SH) *FEMA EM (38 SH) *ECE/UExcel (30 SH) *PLA Portfolio (28 SH) *EMI/ACE (19 SH) *TEEX/ACE (16 SH) *CWE (11 SH) *NFA/ACE (10 SH) *Kaplan/ACE (3 SH) *CPC (2 SH) *AICP/ACE (2 SH) *Sophia/ACE (2 SH) and *FRTI-UM/ACE (1 SH).
Non-Traditional Graduate College Credits (14 SH): AMU (6 SH); NFHS (5 SH); and JSU (3 SH).
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I'm going to guess that there's a huge number of people with really low debt, and then a number of people who have quite a large amount, and they are the ones not paying it back. Because when the average debt is $10k, there's no way people aren't paying that average amount back. It has to be something else.
TESU BSBA/HR 2018 - WVNCC BOG AAS 2017 - GGU Cert in Mgmt 2000
EXAMS: TECEP Tech Wrtg, Comp II, LA Math, PR, Computers DSST Computers, Pers Fin CLEP Mgmt, Mktg
COURSES: TESU Capstone Study.com Pers Fin, Microecon, Stats Ed4Credit Acct 2 PF Fin Mgmt ALEKS Int & Coll Alg Sophia Proj Mgmt The Institutes - Ins Ethics Kaplan PLA
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We tend to forget around here that the Big3 are not cheap if you attend in a "normal" manner.
NanoDegree: Intro to Self-Driving Cars (2019)
Coursera: Stanford Machine Learning (2019)
TESU: BA in Comp Sci (2016)
TECEP:Env Ethics (2015); TESU PLA:Software Eng, Computer Arch, C++, Advanced C++, Data Struct (2015); TESU Courses:Capstone, Database Mngmnt Sys, Op Sys, Artificial Intel, Discrete Math, Intro to Portfolio Dev, Intro PLA (2014-16); DSST:Anthro, Pers Fin, Astronomy (2014); CLEP:Intro to Soc (2014); Saylor.org:Intro to Computers (2014); CC: 69 units (1980-88)
PLA Tips Thread - TESU: What is in a Portfolio?
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(08-25-2018, 05:42 PM)davewill Wrote: We tend to forget around here that the Big3 are not cheap if you attend in a "normal" manner.
Definitely. But, how can the average debt be only $10k, and people are having trouble paying that back???
TESU BSBA/HR 2018 - WVNCC BOG AAS 2017 - GGU Cert in Mgmt 2000
EXAMS: TECEP Tech Wrtg, Comp II, LA Math, PR, Computers DSST Computers, Pers Fin CLEP Mgmt, Mktg
COURSES: TESU Capstone Study.com Pers Fin, Microecon, Stats Ed4Credit Acct 2 PF Fin Mgmt ALEKS Int & Coll Alg Sophia Proj Mgmt The Institutes - Ins Ethics Kaplan PLA
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(08-25-2018, 07:27 PM)dfrecore Wrote: (08-25-2018, 05:42 PM)davewill Wrote: We tend to forget around here that the Big3 are not cheap if you attend in a "normal" manner.
Definitely. But, how can the average debt be only $10k, and people are having trouble paying that back???
Maybe they're just kids looking for a cheaper route like I am, but 10 grand is still a lot of money to us younger people.
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08-26-2018, 07:49 AM
(This post was last modified: 08-26-2018, 07:50 AM by allvia.)
(08-25-2018, 05:35 PM)dfrecore Wrote: I'm going to guess that there's a huge number of people with really low debt, and then a number of people who have quite a large amount, and they are the ones not paying it back. Because when the average debt is $10k, there's no way people aren't paying that average amount back. It has to be something else.
I bet it is average debt of all graduates, not just those graduating with debt remaining - with us on this forum thrown into those numbers we must lower the dollar amount a great deal.
Amberton - MSHRB
TESU - ASNSM/BSBA
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TESU has a fairly popular Nursing program, if I am correct. I imagine it is quite costly. I wonder if that has anything to do with it. Seeing as TESU has a lot of people like us going to school there, we MUSt be skewing their numbers in a positive fashion.
Western Governor's University
MSCSIA - Completed 2020. Program completed in 8 months.
Cybersecurity Scholarship Recipient
Thomas Edison State University
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Pierpont College
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The average is 10K debt, I'm sure those aren't the ones having trouble. Let's say you go the regular way and do the comprehensive plan which is $7,519 for 4 years. That's 30K debt right there. Most students don't know about this method of getting a degree so I'm sure a lot of them are doing it that way. Plus they offer graduate degrees as well.
TESU BA Liberal Studies /Communications
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(08-26-2018, 01:09 PM)BSLIONS Wrote: The average is 10K debt, I'm sure those aren't the ones having trouble. Let's say you go the regular way and do the comprehensive plan which is $7,519 for 4 years. That's 30K debt right there.
That's $30k in tuition - which does not necessarily translate into $30k of debt.
TESU BSBA/HR 2018 - WVNCC BOG AAS 2017 - GGU Cert in Mgmt 2000
EXAMS: TECEP Tech Wrtg, Comp II, LA Math, PR, Computers DSST Computers, Pers Fin CLEP Mgmt, Mktg
COURSES: TESU Capstone Study.com Pers Fin, Microecon, Stats Ed4Credit Acct 2 PF Fin Mgmt ALEKS Int & Coll Alg Sophia Proj Mgmt The Institutes - Ins Ethics Kaplan PLA
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08-27-2018, 01:36 AM
(This post was last modified: 08-27-2018, 01:41 AM by cookderosa.)
(08-25-2018, 07:27 PM)dfrecore Wrote: (08-25-2018, 05:42 PM)davewill Wrote: We tend to forget around here that the Big3 are not cheap if you attend in a "normal" manner.
Definitely. But, how can the average debt be only $10k, and people are having trouble paying that back???
10k student loan is easily $100/month without penalties or default. I think $100 puts a dent in anyone's budget if they are in a low-paying job, single-income, or live in a high cost of living area like New Jersey (TESU's location).
Also, student loan repayment options now make it look like "income-based" or "forbearance" are equal / easy payment plans - pay now, pay later.....
To add, whenever people discuss student loan debt and repayment, people assume the student earned a DEGREE and increased employment or income potential. Unlikely.
TESU's 6 year (SIX YEAR) graduation rate is only 42%. Their 8 year (EIGHT YEAR) graduation rate is 44%.
In other words, the "adult learner" usually enrolls in college for 1 reason: career advancement. Wanting career advancement presumes they probably want more income - so you take a broke person, give them a loan, they struggle taking classes for 1-8 years, and 60% end up exactly where they were when they started, but with a new payment. That initial loan has also been earning interest since Day 1....so there's that.
https://www.collegefactual.com/colleges/...retention/
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