Total student debt in the United States now tops $1.2 trillion, a financial burden that has wide implications for the economy and society. In a series of stories, student journalists of the Falcon News Service examined what student debt means at the University of Wisconsin-River Falls.
December 9th, 2015
With student debt nationally continuing to increase, it is no wonder that students are trying to graduate as soon as possible. But for some students, having just an undergraduate degree is not enough. Professions such as audiologists, veterinarians, doctors and lawyers have to continue their education beyond a bachelor’s degree. That means taking on even more student debt is likely.
December 9th, 2015
Nearly 14 percent of college students in the United States who in 2011 began to pay back their education loans had defaulted on that debt two years later, according to the federal National Center for Education Statistics (NCES). At UW-River Falls, where four out of every five students receive some form of financial aid, the default rate is much lower. Financial aid advisers caution that students should avoid defaulting on education loans, and that begins with making smart decisions about where to get money for school.
December 3rd, 2015
To avoid post-graduation debt, one method some students are taking is growing in popularity as the price of tuition grows, and that is joining a branch of the military to get help paying for school. At the University of Wisconsin-River Falls that number is on the rise, with 30 students alone involved in the Reserve Officers’ Training Corps program.
November 30th, 2015
College students across the U.S are taking on debt from the institutions they attend. But for some, it’s not just themselves they carry into debt but also their loved ones, as the parents of students are also feeling the burden. Student debt may affect a wide variety of plans in one’s life, said Robert Bode, financial aid director at UW-River Falls.
November 21st, 2015
Approximately 300 students at the University of Wisconsin-River Falls study abroad every year, according to the Office of International Education. The average debt of UWRF graduates in 2014 was just over $27,000, according to the Institute for College Access and Success’s Project on Student Debt. To pay for the experience of studying abroad, students may need to take out additional loans, which could add to their debt.