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Inside Higher Education: Vanderbilt’s ‘singular focus’ on fund raising for need-based financial aid

Posted on Tuesday, Mar. 26, 2013 — 11:44 AM

Vanderbilt has seen average student debt decline due to “singular focus” on fund raising for need-based financial aid, a potential model for other universities.

At a time many students have been facing rising debt, and many private universities have struggled to keep those debt levels down, Vanderbilt University stands out.

According to the Institute for College Access and Success (TICAS), the average student debt at Vanderbilt has fallen from $24,044 in 2003-04 to $18,605 in 2009-10. That puts Vanderbilt below the average student loan debt nationwide for students who borrow, which is $26,600, according to the Institute for College Access and Success.

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