Reply to As schools near $100K/year when will that affect the pool of students?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]The average student loan debt at Pitt in 2019 was $40,000, so it’s not just privates with these issues. [/quote]

[b]Pitt is 20k in state COA,[/b] 35k out of state. 40k seems about right for that level of tuition. [/quote]

COA = tuition + room + board. COA there is about $38k.[/quote]

Next year OOS COA for Dietrich (arts and sciences) is $52K.

Notable: Pitt is not a true public university. It (along with Temple and Penn State) are “state-related.” Pennsylvania gives them very little money, and every penny goes towards reducing tuition for Pennsylvania students. Pitt does not give admission preference to in-state students - they admit whoever they want.

Source: podcast with Pitt director of admissions.[/quote]

At that level of tuition, 40k in debt seems reasonable 
[/quote]

It’s not. At least $13k of that is parent plus or private loans that have exceptionally high interest rates. [/quote]

If the COA is 200k over 4 years, how much do you think most families can pay up front? [/quote]

Very few. That’s why most families go instate.

[/quote]

It's 38k a year instate, again what do you think families can actually afford to pay up front? [/quote]

It’s possibly the most expensive instate school in the US. The instate kids there are from wealthy suburban high schools in Hershey, Philly & Pittsburgh. [/quote]

Yep pretty sure it’s majority OOS students there now

I grew up in PA in an area where median HHI is only $40,000; no way my hs friends & I could’ve afforded Pitt. [/quote]

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