Location: South Carolina
Here’s a math problem for you college graduates out there, Benedict College charges its students only $914 which isn’t nearly as bad as what other colleges charge.
Still, the poor students who graduate end up with an average of $45,000 in debt. How is that? We’re not sure. We do know that 8% of former students have a hard time returning their loans, as they only make about $25,400 after graduation.
Lindsey Wilson College
Only 34% of the students who chose to matriculate at Lindsey Wilson College get to graduate. But don't consider them the lucky ones, as years after their graduation, they only make about an average of $28,800.
With student loan debts of about $20,563, graduates are off to a bad financial start. It's no surprise then that almost 10% of the former attendees default on their loans.
Alabama State University
Alabama State University isn't really giving its state any reason to be proud of it. It has the lowest graduation rate in the entire state — only 26% of students get to go to the graduation ceremony.
For that 26%, life after education is not all that great, six years after they graduate, they still only make an average of $27,000. It only makes sense that about 20% of them default on their loans.
Nazarene Bible College
According to its website, the Nazarene Bible College is a Christian school committed to both academic and practical programs.
The reality is that with incredibly expensive tuition of $42,340 a year, this college is just not worth it. Only 16% graduate and 12% of those can't return their loans. Their average income is only $29,700, which is a lot less than what they had to pay for a year of Nazarene Bible College.
Location: New Jersey
The good news is that out of the 30% of students who get to graduate from Bloomfield College, 92% find a job. So, what's so bad about this New Jersey College?
While the average earnings of the students who finish school are over $38,000, almost 15% of them still have a hard time paying their loans on time.