Ivies vs. Public (non) Ivies in Honoring Loans
Sometimes I wonder if attending an Ivy league school really does give a graduate an extra advantage over an non-Ivy peer (other than bragging rights). According to this article, Ivy graduates are more likely to repay their loans than their counterparts in the so-called “Public Ivies” (William and Mary, U of VA, Miami University of Ohio, UCA Berkeley, U of Michigan, U of NC, and U of TX). Ivies pay their loans back at a rate of 74.6%, and the non-Ivy Ivies pay their loans back at a rate of 70.6%.
Harvard has the highest rate of the Ivies (84%), while William and Mary, the highest of the other group, boasts of a 79% repayment rate. Cornell came in second of the Ivies with an 82% repayment rate.
Too bad these figures weren’t taken into account when US News and World Report came up with their college rankings; Brown was the dud of the Ivies with a repayment rate of 63%.
