The ratio of student debt to median earnings of bachelor's degree holders: 26.99%Median earnings of bachelor's degree holders: $80,833DESOTO STUDENT LOAN DEBTThe ratio of student debt to median earnings of bachelor's degree holders: 46.83%As the need for federal assistance increases and more students head toward post-graduate education, the price tag for college tuition has spiked.
According to the U.S. Department of Education, the average cost of annual undergraduate tuition is $8,670 for in-state and $20,026 for out-of-state students. For those who wish to pursue a graduate degree, in-state students on average pay $8,155 and $17,770 for out-of-state students annually. EDI says that Texas ranks second right behind California in total student financial aid dollars with 38.8% of undergraduates at a 4-year university receiving loans of $6,843 each on average.
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