PSU-Schuylkill Students Have The Highest Debt
Students from the school average $33,129 in loan debt, $2,000 more than other Penn State attendees, and over $9,000 more than the U.S. college average, according to Penn State's Office of Student Aid.
Dr. R. Keith Hillkirk, PSU-Schuylkill's Campus Chancellor said 90 percent of students are dependent on financial aid. This has spiked 10 percent in five years, according to the Pottsville Republican-Herald.
This has a direct correlation to the school's lower median household incomes compared to Penn State's main campus. PSU-Schuylkill's median household income is $41,111, while Penn State's is $73,722. PELL grants are popular with PSU-Schuylkill students because they do not have to pay them back to the government. Despite the 52 percent of students at the school use them, they were not included in the loan numbers.
In a recession, family help with tuition can dwindle, so students are even more prone to using student loans, especially federal loans, to make sure they can pay for college.
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