The American Midwest, commonly referred to as the Heartland, is perhaps the most diverse region in the United States in regard to its geographic landscape and commerce environment.
The 12 states that compose the Midwest include Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
On one hand, the region has agricultural-based economies in states like Iowa, Nebraska, and Kansas. On the other, the Midwest contains buzzing urban environments such as Detroit, known for its automotive industry, and Chicago, one of the most important business centers in the world.
In addition to agriculture and industry, the region has aggressively entered the finance realm and has also started placing a higher emphasis on the expansion of education and medicine.
With such a diverse economy, it makes sense that universities and colleges would choose the Midwest to base their institutions out of.
Considering student loan debt tends to be the most financially crippling agent for graduates entering the professional realm, LendEDU wanted to analyze how graduates from colleges and universities in the Midwest are faring in terms of educational debt.
Below, you will find the 100 colleges and universities in the Midwest that have been recognized by LendEDU for their exceptionally low student loan debt per borrower figures.
Top 100 Colleges With the Least Student Loan Debt Per Borrower in the Midwest
LendEDU’s Colleges with the Least Average Debt Per Borrower Report was created using data that reflects the Class of 2016. For reference, the data is released on a one-year delay. The Class of 2017 data will not be available until the Fall of 2018.
The average debt per graduate was calculated by compiling the total debt at each university, divided by the number of bachelor degree recipients at each particular university. The average amount of student loan debt per graduate was then weighted by the number of graduates who had student debt to find the average debt per student loan borrower.
The data was provided on a voluntary basis at the college level by college officials. LendEDU did not audit the accuracy of the college level data.
Author: Max Vanegas
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