Archive for November 25th, 2011

November 25, 2011

Colleges that saddle graduates with the most debt (and those that don’t)

by Grace

From U.S. News & World Report, based on 2010 graduates

Colleges With the Most Student Debt

10. Fordham University – 64% of students graduate with debt averaging $38,151
..9. Stevens Institute of Technology – 70% of students graduate with debt averaging $38,554
..8. Case Western Reserve University – 60% of students graduate with debt averaging $39,236
..7. Widener University – 85% of students graduate with debt averaging $40,386
..6. New York University – 55% of students graduate with debt averaging $41,375
..5. Florida Institute of Technology – 65% of students graduate with debt averaging $41,565
..4. Barry University – 64% of students graduate with debt averaging $42,798
..3. Nova Southeastern University – 76% of students graduate with debt averaging $43,206
..2. Clark Atlanta University – 93% of students graduate with debt averaging $45,227
..1. University of North Dakota – 83% of students graduate with debt averaging $45,369

Fordham offers relatively generous merit aid, but it seems the combination of a high COA (approx. $59,000) and loan-heavy financial aid helps put it on this list.  Barry University is a HBCU.

Colleges With the Least Student Debt

10. Louisiana Tech University – 49% of students graduate with debt averaging $14,039
..9..Rice University – 36% of students graduate with debt averaging $13,944
..8. Brigham Young University – 31% of students graduate with debt averaging $13,354
..7. Texas Tech University – 40% of students graduate with debt averaging $11,502
..6. Lamar University – 63% of students graduate with debt averaging $12,110
..5. California Institute of Technology – 43% of students graduate with debt averaging $10,760
..4. Harvard University – 34% of students graduate with debt averaging $10,102
..3. Yale University – 28% of students graduate with debt averaging $9,254
..2. Sam Houston State University -46% of students graduate with debt averaging $7,602
..1. Princeton University – 24% of students graduate with debt averaging $4,385

With their generous financial aid policies that include middle- to high-income families, it’s not surprising to see the Ivy Leagues well-represented on this list.  Rice combines  relatively low tuition and favorable need/merit aid.

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