Nationally- there may be a hike in student loan debt, but locally for HSU students this is not the case.
The university has seen a drop in student loan debt in the past nine years. When students graduated in 2009, the average undergraduate debt was $21,000 and in 2017, the average went down to $13,000.
Director of financial aid gives credit to a new mandatory program for all incoming freshman. They started a financial literacy class seven years ago, teaching the basics of loans and expenses. And since then, they’ve seen a decrease in debt each year. It’s well and good saying students are in less debt now, but with a case study like this it still shows many will struggle to rent or own and have to seek the help of specialized lenders.