Data Determines Which Colleges Give Students the Least Debt in the United States
Dartmouth College, shown above, is one of the schools where borrowers are leaving with record amounts of debt.
The Trump Administration may be playing fast and loose when it comes to facts, but data reigns supreme for the countless families deciding on what college to attend. After all, you wouldn’t know how much a school costs or how much student debt a borrower will be staring down upon graduation without data. With countless people going into school essentially blind, many suffer from sticker shock when their first student loan payments are due.
Aiming to arm borrowers with the right data to make a sound financial college decision, LendEDU crunched the numbers and analyzed the average student loan debt of more than 1,300 colleges across the country. The result was a list of the top schools in the nation that will leave students with the most debt. Many of these schools leave graduates with debt loads well above the average load of $28,400.
Take Pennsylvania for starters. Home to Thomas Jefferson University in Philadelphia, students attending the private health sciences school can expect to owe $55,363 in student loans upon graduation. What’s more, the state has eight more colleges and universities with students borrowing an average of $40,000.
Coming in second is National University at La Jolla, California with an average student loan debt per borrower of $52,986. California has four more schools that result in student debt of more than $40,000.
The state of Connecticut is also home to some expensive schools, with students attending Quinnipiac University in Hamden, Connecticut averaging $47,873 in student loans upon graduation. Two other schools in the state leave students with debt exceeding $40,000.
On the east coast, New Jersey also ranked high in terms of leaving students with debt. Stevens Institute of Technology in Hoboken, NJ sets students back $48,244 on average. The state is home to three more schools with average student loan debt of more than $40,000.
Massachusetts is also up there with students of Wheelock College in Boston facing an average of $46,690 in student loans. Seven other schools in the state leave students with more than $40,000 in student debt on average.
The south isn’t immune to outsized student debt either. Grambling State University in Grambling, LA accounts for student debt on average of $51,877 per borrower while Wesleyan College in Macon, Georgia costs students an average of $48,460 upon graduation. Two other schools in the state of Georgia have average student debt of more than $40,000.
Meanwhile, attendees of North Carolina’s Charlotte Christian College have on average $50,033 in student debt upon graduation.
While these schools across the country leave graduates with hair raising amounts of student loan debt, not every school in the U.S. is going to set back students that much. The key is to ensure borrowers know how much debt that they can take on, and how that debt matches with their degree. After all, owing $50,000 for a teaching degree isn’t going to make much sense, but owing that much for an engineering degree can be justified.
Image Copyright Josue Mendivil