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ICI Smart: March 2014
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Independent Colleges Indiana

Student Debt Relative to Tuition Costs

Class of 2012:  Public and Private

Money borrowed for college by Indiana students varies little by the type of institution, public or private, they attend.  That's surprising, yet understandable.  Surprising because private college tuition is higher.  Understandable because true "cost and real "value are what make up the bottom line.  Heres why:

  • Generous scholarships and aid - ICI colleges and universities offset tuition and reduce costs with significant aid to students. 

  • Shorter time to degree - Students double their chances of graduating in four years by attending an ICI college or university.  That means no 5th or 6th year of college with more loans.

  • Jumpstart on careers - Entering the workforce sooner means students are earning, not borrowing, and gaining valuable career experience. 

  • *The national average for student debt for the Class of 2012 is $29,400.
    Richard Ludwick

    Message from ICI President & CEO Richard Ludwick

    Independent Colleges of Indiana is sharing this informational update with you – as one of our stakeholders – to illustrate the performance and contributions of our 31 member colleges and universities and why they are the smart choice for students and for Indiana. We hope you find this information helpful in sharing that story with community leaders, colleagues, parents, students, and friends. If you have any questions or comments, please just let us know (contact information below).