Big student debt in unexpected places - KAIT Jonesboro, AR - Region 8 News, weather, sports

Big student debt in unexpected places

WASHINGTON (AP) - Don't let the price tags nix an application to Harvard or Yale. The average student receiving financial aid on those campuses paid about a quarter of the sticker price and most graduates leave with smaller debt than peers who attended less prestigious schools. 

It's not that unusual, according to statistics released Tuesday from U.S. News & World Report. 

Some of the schools producing debt-laden graduates are campuses that aren't the bold-faced names. Many of the best colleges in the country are relative steals - for the lucky few who earn admission and financial aid. 

Why? Some of the best universities are also those with the most successful alumni, who fund their alma mater's investment portfolios. Interest from their endowments offset the costs for future students.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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