PRINCETON, N.J. (AP) — The president of Princeton University says that despite questions about the value of college education, a bachelor’s degree is essential to getting a good job.
Christopher Eisgruber told a group of business leaders at a Princeton Regional Chamber of Commerce event on Thursday that reports of massive student debt can be overblown.
The Time of Trenton ((http://bit.ly/1odjVsN ) reports Eisgruber said that if a student leaves owing $100,000, “something’s gone wrong in your financial planning.”
He says the typical debt for students who graduate from schools in the Association of American Universities is less than $30,000.
Because of a no-loan financial aid system, most Princeton students graduate owing nothing.
New Jersey lawmakers are exploring forming a commission to study the rising cost of a college education.
Information from: The (Trenton, N.J.) Times, http://www.nj.com/times