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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2 Comments to “Colleges that saddle graduates with the most debt (and those that don’t)”

  1. From what I can tell, these include state schools. Sam Houston State is included.

    As you suggest, I suspect Fordham seems to attract more middle- and upper-class students than other similar schools. I hate to think of all these kids graduating with such high debt.

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  2. Yes, it’s the averages only for the students who took out loans.

    I just looked up Truman State University, a public school – 53.0% of students graduated with an average of $19,118 in loans. It’s on the low end for this measure.

    I just saw that Clark Atlanta Univ. is also a HBCU, along with Barry. Both are in the top ten for highest debt. This: “Black Graduates Owe More Debt Than White, Asian, or Hispanic Graduates” — http://chronicle.com/article/Black-Graduates-Owe-More-Debt/65253/

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