Cal U. grads have lower debt, report says
An undergraduate degree is more affordable at California University of Pennsylvania than at most colleges and universities across the commonwealth, according to an online report.
LendEDU said in its third annual “Student Loan Debt by School by State” that Cal U. students, on average, graduate with the eighth-lowest amount of student debt among 1,080 four-year schools statewide – public and private. The average debt among Cal grads is $26,242.
That is nearly $10,000 lower than the average debt among graduates across Pennsylvania – $36,193 – which is the highest figure of any state. Cal U. graduates, according to the study, also owe an average of $2,000 less than the national average.
The report by LendEDU examined financial aid data among members of the class of 2017.
Cal U. has a lower tuition rate than some Pennsylvania schools, and last year awarded more than $2 million in merit- and need-based scholarships.