Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Which College’s Grads Face the Biggest Debt?

Details

  • Description

    FBN’s Gerri Willis on the loan debt facing students once they graduate from college.

  • Duration 2:24
  • Date

Clips

Also in this playlist...

Latest Personal Finance

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

Well you've heard of starving artists right.

Maybe there's -- -- -- family according to a new study of Education Department data there's a reason these folks are going hungry college debt.

Consider this student debt loads at schools where they study art music and design average almost 22000.

Dollars.

That's a loan payment of 250 bucks a month the heavy burden for grad to make roughly 40000 dollars a year even after five years of job experience.

Think about it Harvard MIT Yale they -- have better comparisons -- because students are borrowing less and there earning more after graduation.

The highest average debt load of all the 4000 colleges and universities in the federal database the creative center in Omaha Nebraska.

The for profit school that offers a three year bachelor's degree in fine arts had the highest average debt load at just over 52000.

Dollars imagine that.

Back degree -- previous graduates a salary of just 31000.

Dollars a year.

Most financially calculators estimated -- will -- to pull down at least 43000.

Dollars to make -- 360.

Dollar a month payments.

Starting your post college career with that such an albatross.

It's bad news.

But the art schools -- the biggest debt collectors we told you about the creative -- check out this list.

There's also the Manhattan School of Music where median debt it's 47000.

-- the Southern California Institute of Architecture nearly 43000.

The south -- -- exempt students have Morehouse College in Georgia carry nearly 42000 in debt.

The study where citing emphasizes graduates who will -- liberal arts schools and -- be sure they face the toughest time making their degrees pay.

But the idea of comparing how much -- aspiring college grad can earn with a degree they won.

And how much they will have to pay in monthly -- cost that's a good idea for everybody.

According to one estimate the average student graduates with 26000.

Dollars worth the debt.

Paying that off we'll likely delay when you when your grad can buy a house get married have kids.

And that's a shame.

To -- more detailed info on college costs and to make comparisons.

Check out whitehouse dot gov and click on college score card.

It's a new website from the Department of Education just this year developed to help college prospects see the whole picture.

-- debt.

And the earnings all together in one place coming up.

Load More