Schools
Manor College, Arcadia, Penn State Abington Get 'Graded'
The White House released the College Scorecard, with looks at loan repayment, costs, graduation rates and more of the nations colleges, including Manor College, Arcadia University, Penn State Abington and more.
After President Barack Obama's State of the Union Address in February, the White House has released the College Scorecard.
According to the WhiteHouse.gov website, "College Scorecards in the U.S. Department of Education’s College Affordability and Transparency Center make it easier for you to search for a college that is a good fit for you."
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Arcadia University
The average student at Arcadia University pays $24,200 a year, after grants and scholarships. A decrease of 2 percent from the institution’s 2007 to 2009 tuition costs. Families typically borrow $22,600 in Federal student loans for undergraduate study, and make payments of $260 a month over 10 years.
At the Glenside institution, 4.8 percent of borrowers default on those Federal student loans within three years of entering repayment, far below the national average of 13.4 percent.
Find out what's happening in Abingtonfor free with the latest updates from Patch.
Within six years of entering a program of study at Arcadia, 61.8 percent of students graduate.
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Montgomery County Community College
According to the White House scorecard, in-state students pay a net price of $7,100 a year to attend MCCC, with campuses in Blue Bell and Pottstown. This is down 4.6 percent from the 2007 to 2009 costs and considered "low" on the scorecard's scale.
Families typically borrow an average of $8,600 for the undergraduate study at MCCC, with student loan payments of approximately $99 a month over 10 years.
However, 13.3 percent of borrowers who graduate from MCCC default on their Federal student loans, just 0.1 percent under the national average.
According to the scorecard, 11.6 percent of students graduated within 150 percent of the expected time frame, and 25.8 percent transferred to another institution.
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Penn State Abington
The average Penn State Abington student pays an average of $11,600 after grants and scholarships, an increase of 7.8 percent over the 2007 to 2009 tuition costs. According to the College Scorecard, families typically borrow $23,400 in Federal student loans, and makes payments of $270 a month over 10 years.
At the Abington satellite campus, 6.1 percent borrowers default on their Federal student loans within three years of entering repayment.
Within six years, 44.4 percent of students graduate from the institution.
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Manor College
Students at Manor College in Abington pay an average of $17,000 a year after scholarships and grants. This is an increase of 3.4 percent from the institution’s 2-07 to 2009 tuition costs. Families typically borrow $10,000 in Federal student loans, and make payments of $115 a month over ten years.
However, 12 percent of the borrowers default of the Federal student loans within three years of entering repayment, just below the national average of 13.4 percent.
At Manor College, 40.7 percent of students graduate within 150 percent of the expected time for completion, and 25 percent transferred to another institution.
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Learn more about the White House College Scorecard and research other colleges here.
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