Monday, December 31, 2012

More than half of undergraduate student aid at OSU is borrowed - Encarnacion Pyle, The Columbus Dispatch

Loans make up more than half of the financial aid to Ohio State University students, and a greater number of graduates are struggling to pay them back in a weak job market. The biggest burden falls on thousands of middle-income students. In the 2010-11 school year, loans made up 80 percent of the aid for in-state undergraduate OSU students who reported that their parents made $75,000 to $149,999. In 2010-11, OSU students borrowed more than $217 million, a 24 percent increase over five years earlier, according to a Dispatch analysis of more than 500,000 student financial-aid records at Ohio State’s Columbus campus from 2006-07 to 2010-11, the latest available figures. http://www.dispatch.com/content/stories/local/2012/12/18/aid-with-interest.html