Student Debt

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.

For some students, taking on extra debt for graduate school is worth it

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.

Financial experts urge college students to avoid defaulting on education debt

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.

Facing potential of college debt, some UW-River Falls students opt for ROTC

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.

College debt affects more than just students, can push off decisions like marriage

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.

Studying abroad may add to student debt, but it doesn’t have to

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.