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When I graduate from Princeton in two weeks, I will leave holding almost $60,000 in debt, with an additional $20,000 in interest that will accrue over the 10 year standard repayment plan. This debt burden is spread across federal loans ($26,720 principal + $10,073 interest); Princeton Heartland-ECSI private student loans ($7,000 + $1,505); and Sallie Mae private student loans ($22,500 + $10,629 .
For a university that advertises a generous “no loan” financial aid policy and has the
