According to LendEDU’s College Student Loan Debt Rankings by State for 2017, Indiana University Southeast leaves the average student loan borrower with $22,612 in educational debt, the lowest average in the state.
Indiana University Southeast’s debt per borrower figure is down by 14.56 percent year-over-year. Interestingly, the amount of graduates that leave the institution with student loan debt has increased by 10.94 percent year-over-year so that is now 71 percent of all graduates.
Depauw University saddles attendees with $22,770 in student loan debt, the second lowest average in Indiana. 50 percent of Depauw graduates receive their diploma with some amount of educational debt, a 2.04 percent yearly increase.
Even though their average debt per borrower figure increased by 4.12 percent year-over-year, Calumet College of Saint Joseph had the third lowest said figure in the state of Indiana. At that school, the average student loan borrower only owes $24,431.
With an average student loan debt per borrower statistic that is the second lowest amongst public institutions in Indiana, the University of Southern Indiana comes in at number four on LendEDU’s list. After attending the University of Southern Indiana, the average educational debtor can expect to owe $24,762 in student loan debt.
Saddling the typical student loan borrower with $25,675 in student loan debt, Indiana University of Kokomo finishes fifth on LendEDU’s list of Indiana schools that give the least average student loan debt.
Earlham College, where 60 percent of graduates have educational debt, gives the average student debtor $25,784 in student loan debt. This amount was the sixth lowest in Indiana and the third lowest for private colleges in the state.
Indiana University South Bend’s average student loan debt per borrower figure amounted to $27,306 in 2017. After lowering their average debt per borrower figure by 6.69 percent from last year, Indiana University South Bend comes in at number seven on LendEDU’s list.
The average student debtor can expect to owe $27,379 in educational debt if they choose to attend Indiana University East. That aforementioned amount was the eighth lowest in the state of Indiana even though it signified a year-over-year increase of 6.46 percent.
Securing the ninth hole on LendEDU’s list is Purdue University, which gave the average student debtor $27,530 in student loan debt. Purdue’s average debt per borrower figure is down by .65 percent from last year, as is the number of graduates that leave with student loan debt, which is down by 4.17 percent year-over-year.
Finally, Goshen College rounds out LendEDU’s list of the Indiana colleges that give the average student debtor the least amount of educational debt. The average borrower from Goshen can expect to owe $27,534 in student loan debt, which actually marks a 8.39 percent year-over-year increase.
As a whole, the state of Indiana’s average debt per borrower figure ended up being $29,307, which was a 1.58 percent year-over-year increase. Indiana’s collective average debt per borrower figure was the 19th highest in the U.S. Further, 57 percent of Indiana graduates can expect to owe some amount of educational debt.
Author: Andrew Rombach
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