The average student debt at Cornell University is $28,408.
Understanding Student Debt at Cornell University
Student debt is a significant consideration for many prospective and current university students. For those attending Cornell University, a highly-ranked institution, understanding the average debt burden provides valuable insight into the financial landscape.Cornell's Debt Profile
As of 2023, the average student debt for graduates of Cornell University stands at $28,408. This figure represents the typical amount of debt accumulated by students by the time they complete their degrees.Comparison with Other Top Universities
To provide a broader perspective, it's helpful to compare Cornell's average student debt with that of other leading U.S. universities. This comparison can highlight how Cornell's debt burden stacks up against its peers.| University (Rank) | Average Student Debt (USD) |
|---|---|
| Northwestern University (9) | $34,309 |
| Vanderbilt University (18) | $30,364 |
| University of Notre Dame (20) | $28,625 |
| Cornell University (12) | $28,408 |
As seen in the table, Cornell's average student debt is lower than that of Northwestern and Vanderbilt, and slightly lower than the University of Notre Dame, among the institutions listed. This indicates that while Cornell graduates do carry student loan debt, it is comparatively moderate within this group of highly-ranked universities.
Factors Influencing Student Debt
Several factors can influence the average student debt at any university, including: * **Cost of Attendance:** Tuition, fees, room, and board can vary significantly. * **Financial Aid Policies:** The generosity and type of grants, scholarships, and need-based aid offered by the university play a crucial role. * **Student Demographics:** The economic background of the student body can affect the reliance on student loans. * **Program of Study:** Some fields of study might have different cost structures or career earnings potential influencing borrowing decisions.Understanding these figures can help prospective students and their families make informed decisions about financing their education.
