Cedar Education Lending Releases Research on Grad Students Attitude on the Value of Their Education

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Based on recent rankings of graduate programs in 15 categories furnished by graduateprograms.com, Cedar Ed determined that while, on average, most grad students thought financial aid was the weakest component of their programs

Private student loan lender and loan consolidator Cedar Ed Lending (http://www.cedaredlending.com) contracted with Graduate Programs (http://www.graduateprograms.com), the online guide to graduate schools for prospective graduate students, to provide Cedar with grad student reviews of their respective programs. “Much has been written about the increasing cost of higher education and the resulting increase in student loans,” Harvey Berkey, Cedar Education COO said. “As a responsible student lender, many of whose customers are grad students, we are interested in knowing if grad students feel the increased borrowing is worthwhile. Graduateprograms.com, with its extensive student ratings system, is uniquely qualified to help Cedar delve into that question.”

Graduateprograms.com’s findings are based on ratings and reviews continuously posted on the site. To date, they have compiled data from almost 10,000 grad students attending programs at more than 700 colleges and universities throughout the country. On the site, grad students evaluate a variety of criteria pertaining to their respective programs.

Based on recent rankings of graduate programs in 15 categories furnished by graduateprograms.com, Cedar Ed determined that while, on average, most grad students thought financial aid was the weakest component of their programs; they generally expressed confidence in the overall value of their grad school experiences. Ratings by category were as follows:

RANK ACCORDING TO HIGHEST NUMBER VALUE NOT ALPHABETICALLY

Grad Program Value(8.64)
Education Quality(8.63)
Faculty Accessibility & Support(8.56)
School Use of Technology(8.44)
Quality of Network(8.16)
Workload(8.09)
Academic Competitiveness (8.08)
Campus Safety(7.97)
Student Diversity(7.91)
Career Support(7.90)
Surrounding Area(7.58)
Transportation(7.40)
Social Life(7.38)
Financial Aid(6.97)
Affordability of Living (6.79)

A Health grad student at Northeastern University said, “My graduate program is located in Boston, which has some of the best hospitals around. The school has set up some of the best clinical placements for its students, and I think the program is worth the money.’
Another student, attending USC Liberal Arts, said “The program is very expensive but the reputation of the school is extremely good..”

Other comments posted on the site also referred to the ‘value’ of their education as a mitigating factor to the high expense involved. “We can conclude from this research that even though the cost of education is a serious issue for most Grad students, over 86% of current and recent grad students whose data was included in this study are or were satisfied with their program,” said Mr. Berkey. “While we intend to continue researching this area, we are pleased that Cedar Education Lending is in a position to help these students achieve their goals of working toward graduate degrees.”

Cedar Education Lending specializes in making private student loans and private student loan consolidations to college, graduate and post-grad students. The company has processed over $300 million in loans through the end of 2012.

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Harvey Berkey
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