Education Dept Scores Seton Hall

The rankings are in for Seton Hall University.

A new interactive College Scorecard was released Wednesday by the Obama administration which offers students and parents basic information about a college. You can know quickly get information regarding a school’s graduation rates, tuition costs, average borrowing rates and employment history of former graduates.

So what does the new scorecard say about Seton Hall University? Here’s a quick rundown: 

• The median cost to attend Seton Hall University is $$26,691 a year.
• The average price has increased 3.3% percent from 2007 to 2009.
• There is a 65.8% graduation rate among full-time students who receive a bachelor’s degree within 6 years. Graduation rate data are based on undergraduate students who enrolled full-time and have never enrolled in college before. 
• Five percent of borrowers defaulted on their federal student loans within three years of beginning repayment, compared with 13.4 percent nationwide.
• Families borrow on average $$19,150 in federal loans for a student's undergraduate studies 
• Average loan repayment over 10 years is about $220.38  a month

The new College Scorecard was announced by President Barack Obama during his State of the Union address to the joint session of Congress on Monday. 

“... Parents and students can use [the new scorecard],” said Obama, “to compare schools based on a simple criteria: Where you can get the most bang for your educational buck.”