EDHE STUDENT EXPERIENCE IN THE U.S. IS MORE RICH THAN EVER FOR EDHE UNIVERSITY
UIC student entrepreneurship and student loan debt are the biggest contributors to EDHE University’s financial crisis, according to a new report.
In the first quarter of 2019, the University recorded a total debt of $3.3 million, with the total student loan balances of $5.4 million, according the report released Thursday by the National Student Loan Data Center.EDHE students had the biggest debt burden in the nation, owing more than $6,000 per student, according, with more than two-thirds of the students owing more that $7,000.
Student loan debt is growing in popularity, with borrowers now owing nearly $2 trillion in student loans.
The average student debt has risen by more than 5,000 percent in the past decade.
The report found that EDHE’s debt burden is “far more than that of the nation as a whole,” adding that EDH is “a major player in the U.K., Germany, Italy, and Spain” as well as in the United States.
The University has about 6,700 undergraduates and 1,500 graduate students.
The College of Engineering also recorded a $1.2 million deficit in the first three months of 2019.
The EDHE Student Loan Report said EDHE students have been paying back about $1 million more in loan balances over the past six years than students from other EDH colleges.EDH students have borrowed more than 1.5 million dollars in total, and EDHE student loans have grown from $1,300 in 2005 to $3,100 in 2019, according.
In 2019, students from the University had the lowest total student loans owed at $2,400, according and their average debt was $4,400.
EDHE had the second-highest average debt owed at almost $5,000, according; students from EDH have the second highest average student loans, accordingto the report.EDHER students have had the largest debt load over the years, with about $3 million of their total debt being student loans and another $1 billion owed in the form of student loans from private lenders.