Total college student loan debt in the United States recently eclipsed the $1 trillion mark.
Keuka College students aren’t immune from paying their student loans after graduation, but the College works hard to ensure they aren’t saddled with mountains of debt. In fact, U.S. News & World Report consistently ranks Keuka College in the top 5 in its category for students graduating with the lowest debt loads.
A Keuka education, according to President Jorge L. Díaz-Herrera, directly results in its graduates being well-prepared for successful and productive lives without the burden of excessive debt.
“Our tuition is one of the lowest when compared to our peers and other comparable institutions in the region,” said Dr. Díaz-Herrera. “In addition, we subsidize our students’ education by providing access to financial aid and scholarships. When it comes to financial aid, we are at the top of our peer list.”
According to Díaz-Herrera, Keuka provides this financial support in the form of “Keuka Aid,” aid from the College such as merit- and need-based scholarships and grants.
“Keuka’s mission and commitment to providing a high-quality education at a reasonable cost reflects its historical origins as an institution meant to prepare its students for lives of service and leadership, irrespective of financial means,” said Dr. Anne Weed, vice president for academic affairs.
The growing student loan debt triggered responses from the presidential campaign trail. President Obama said that congressional leaders must take action before July to prevent interest rates on federal student loans increasing from 3.4 to 6.8 percent due to an expiring provision in legislation that Congress passed in 2007.
Presumptive Republican nominee Mitt Romney agreed that student loan interest rates must remain low.
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