Common myths about student loan debt may deter students from attending a university, according to a report by U.S. News.
An independent council of 600 colleges examined common student-loan perceptions and explained why they were not true.
One common myth is that many graduates owe more than $100,000. While some students can end up owing this much in student loans, about one third of graduates have no debt. The average student will owe about $25,250 after college.
Another myth is that only people who have rich families can afford a college education. Although the price of tuition is increasing, 25 percent of all students attending a university have families that earn less than $25,000 a year.
The final myth addressed by the council was the notion that every student at a private college pays the same price. While the student covers about 60 percent of expenses, grants and scholarships often cover the rest.
- Rebate or tax credit? Clean air proposal...
- Customers wait all night, get new iPhone 6
- Review: Larger iPhones eliminate reason to...
- Guilty verdict in peanut trial should send...
- Dave Ramsey says: Tips for stretching dollars...
- Yellen says US families need to boost savings
- Riverton Hospital expansion aims to meet...
- Phone lines are open: Customers camp out for...
- Yellen says US families need to boost... 10
- Financial interventions don't work 7
- Salt Lake City is now 'Ski City USA' in... 5
- Extended warranties a big sell. Are... 4
- PepsiCo latest sponsor to voice NFL... 4
- Customers wait all night, get new iPhone 6 4
- FedEx to add 50,000 seasonal jobs 2
- Where’s the app for an earthquake... 2