The good news about Philander Smith College is that unlike many other schools on this list, it won’t break the bank to attend it. On the other hand, the graduation rate isn’t very promising, standing only at 39%.
The “lucky” few who do get to the finish line, leave the school with over $25,000 in debt which they have a hard time paying, with an average salary of only $24,000.
University of the Southwest
Location: New Mexico
If you thought that 30% is a bad graduation rate, wait till you hear about this University's rate: 16%. Yes, 84% of those who start attending this college drop out, and they usually do so with over $23,000 in debt.
If the odds were ever against anyone, it sounds like they were against any poor student who thought it might be a good idea to attend the University of the Southwest, New Mexico.
If you're thinking of attending a college or a university in Kansas, you have a lot of good options to check out, but Sterling is not one of these options.
Over 40% of the students never graduate, and those who do usually only make about $35,000 five years after graduating. Most of them leave school with almost $25,000 in student loan debt.
Mitchell College has gained a reputation as one of the most overpriced schools in its region.
While the graduation rate itself is not bad, 46%, those who graduate don't usually make enough money to pay off their loans. Graduates finish with over $30,000 in student loan debt. To make matters worse, they only make about $32,000 six years after graduating, which doesn't really give them enough money to try and pay off these loans.
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.