University of Pennsylvania Graduates Make Big Bucks Despite Debt: Report | NBC 10 Philadelphia

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University of Pennsylvania Graduates Make Big Bucks Despite Debt: Report

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    University of Pennsylvania
    It happened back on August 30 at the school’s Houston Hall building, according to the Daily Pennsylvanian.

    University of Pennsylvania students make an average income of $75,336 after their loan payments – a rate that ranks the Ivy League school as the 10th most rewarding college for student loan borrowers in the country, according to a new report by MagnifyMoney.com.

    Penn's debt-assuming students – only 23 percent borrow money – typically graduate with about $21,500 in debt, making a median monthly payment of $239, according to the report.

    Princeton University, which has a "no loan" policy and provides grants for financially needy students, ranked 12th with alumni making $74,193 per year after paying their $76 loan bill each month. A mere 1 percent of its students graduate in debt, which totals $6,810, the study said.

    Lehigh University was No. 14 on the list with students making an average of $73,503 after making 12 monthly loan payments of $275 towards their debt – $24,750 upon graduation for the 45 percent of the student body who borrowed capital, the report said.

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