Debt by Degrees » Massachusetts

This database was last updated in March 2017 and should only be used as a historical snapshot. More recent data is available from the U.S. Dept. of Education’s College Scorecard.

Type

Private not-for-profit, 4-year

Classification

Master's College

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Schools in Massachusetts »

Bay Path University

Longmeadow, Mass. | www.baypath.edu

Type: Private not-for-profit, 4-year

Classification: Master's College

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Schools in Massachusetts »

Rankings

This school is ranked against other Private not-for-profit, 4-year Master's Colleges.

Pell Grantees
54.25, 45.75 54.3%
of undergraduates in 2014
High Low
Rank #40 out of 397
Discount Off Total Cost i
61%
for low-income families
High Low
Rank #86 out of 383
Median Federal Debt i
$18,309
for Pell grantees
High Low
Rank #106 out of 395
Graduation Rate (2013) i
34.2%
for Pell grantees
High Low
Rank #250 out of 274

Although higher education has long been seen as a class equalizer, not everybody can take on the debt necessary to afford it. The Pell Grant program was established in 1965 to help poor students attend college without taking on loans that limit their options later in life, but the program has not kept pace with the rapid growth of tuition. Some schools with large endowments use their resources to make tuition cheaper for poor students, while others expect even the poorest students to take on substantial debt.

During School

Though Pell Grant money is crucial, attending college can still require large student loans if a prospective student doesn’t choose a school carefully. Data only for students who receive any federal aid.

Total Annual Cost (2014)
$41,344
including tuition, books & living expenses
High Low
Rank #233 out of 383
Avg. Spending on Instruction
$6,300
Per Student
Low-Income Students Paid
$16,248
per year, on average
High Low
Rank #139 out of 383
Income Level Avg. Cost
$0-30k $16,248
$30k-48k $18,053
$48k-75k $19,495
$75k-110k $19,618
Over $110k $23,930
All $18,951

This School’s Price Calculator»

Discount
61%
off the total cost, per year
High Low
Rank #86 out of 383

At Graduation

Especially if students are not pursuing potentially lucrative majors, such as so-called STEM disciplines or law, their school choices can have a big effect on their income and ability to pay off college debt. Recent graduates can fall behind on their loans quickly, and unlike other kinds of debt, student loans are not forgiven through bankruptcy.

Median Federal Debt (All)
$22,879
High Low
Rank #72 out of 391
Median Federal Debt (Pell Students)
$18,309
High Low
Rank #106 out of 395
Graduation Rate (Within Six Years)
63.2%
High Low
Rank #98 out of 381

Drop-Outs Have Debt Too

Students who drop out of school still have to pay back the loans they took out. This can be a double whammy for them: With large debts to pay off and no college degrees, their career options are limited and their expected earnings are lower.

Median Federal Debt of Students Who Drop Out
$12,250

Years Later

The choices 18 year olds make about where to go to school — and how much debt to take on to pay for it — matter enormously over the long haul. Although everybody knows this instinctively, the U.S. Department of Education worked with Treasury Department data to work out the details, including, for each school, average salary and debt levels 10 years after students enter school.

How Graduates Fare 3 Years After Graduation

A new measure, the nonrepayment rate, includes all students who are unable to pay off any of the principal on their student loans. The traditional measure, the default rate, does not include students who may be in deferment or forbearance. Federal loans only.

Nonrepayment Rate (All)
44.9%
3-Year Rate, Federal Loans
High Low
Rank #282 out of 394
Nonrepayment Rate (Pell Students)
52.6%
3-Year Rate, Federal Loans
High Low
Rank #269 out of 394
Default Rate
6.4%
3-Year Cohort, Federal Loans
High Low
Rank #274 out of 394

How Students Fare 10 Years After Entering School

This includes salary data starting 10 years after a student enters school. Typically this means 6 years after graduation, but some students take longer to complete school. Data only for students who have received federal aid.

Median monthly debt payments
$234.80
(10-year amortization plan)
Median Income (2012)
N/A
Students working and not enrolled
Earns $25k or Less Per Year (2012)
23.6%
Includes unemployed and not looking for work
High Low
Rank #195 out of 390

About the School

In 2014, Bay Path University had a 63% admissions rate. It had 1,574 undergraduate students, 18% of which were part-time. 91.2% of its undergraduates took out federal loans.

Demographics
White 57.6%
Black 14.2%
Hispanic 16.4%
Asian 1.5%
Other 10.4%