How far does 10K go? See median federal student loan debt at every California college
READ MORE
Student debt relief for Californians
Click the arrow below for more coverage on student debt relief in California and beyond.
Expand All
President Joe Biden’s executive order canceling $10,000 or more in student debt for most borrowers will provide relief to millions of Californians.
The median federal student loan debt for borrowers at every four-year California college with more than 500 undergraduates is higher than $10,000, according to the latest data from the U.S. Department of Education.
At Sacramento State, about 30% of undergraduates took a federal loan, and their median debt upon graduation was about $15,000. At UC Davis, about 31% of undergraduates took a federal loan, and their median debt upon graduation was about $13,200.
The schools with the highest median student debt are all private colleges, mostly operating for profit.
Understanding the impact of debt at a college requires more information than just the median debt of borrowers.
At some schools, relatively few students take out federal student loans, and vice versa. Some schools charge higher tuition than others, or are situated in particularly expensive areas. In addition, graduates at some schools tend to make a lot more money than graduates at other schools.
This story was originally published August 26, 2022 at 12:00 AM with the headline "How far does 10K go? See median federal student loan debt at every California college."
