The 10 Ohio Colleges With the Lowest Average Student Debt Per Borrower
The University of Toledo gives the average student borrower $24,437 in debt, the third lowest average in all of Ohio.
According to LendEDU’s College Student Loan Debt Rankings by State report for 2017, Defiance College in Ohio gives the average student borrower from The Buckeye State the least amount of student loan debt.
At Defiance College, the average student loan borrower can expect to owe $19,554 in student loan debt, and 82 percent of all graduates receive their diploma with some amount of educational debt.
Mount Vernon Nazarene University gives student loan borrowers from Ohio the second least amount of student loan debt. Student debtors from that private institution owe $21,564 on average, a year-over-year decrease of 25.13 percent.
The University of Toledo rounds out LendEDU’s top three of colleges in Ohio that give debtors the least amount of student loan debt. At the University of Toledo, the average student loan borrower should expect to owe $24,437 in educational debt.
Saddling the average student debtor with $25,030 in student loan debt, the Art Academy of Cincinnati takes the fourth spot on LendEDU’s list of Ohio schools that give student borrowers the least amount of student loan debt.
Rounding out the top five is Cincinnati Christian University, where the average student loan borrower owes $25,089 in educational debt. Cincinnati Christian University’s debt per borrower figure has experienced a yearly decrease of 28.66 percent.
Cleveland State University’s average debt per borrower figure currently stands at $25,504, the sixth lowest in the state of Ohio. At Cleveland State University, 64 percent of all graduates hold some amount of educational debt.
Kenyon College, a private institution in Gambier, Ohio, gives the average student debtor $27,000 in student loan debt. That figure was low enough to earn Kenyon College the seventh spot on LendEDU’s list.
When it comes to the state of Ohio, Oberlin College has the eighth lowest debt per borrower figure. Oberlin’s debt per borrower figure currently sits at $27,114, which represents a year-over-year increase of 8.38 percent.
The Cleveland Institute of Music gives the average student loan borrower $27,270 in educational debt, the ninth lowest average in the Buckeye State. At that school, 51 percent of all graduates leave campus with student loan debt.
Finally, Ohio University-Eastern rounds out LendEDU’s top ten. At Ohio University-Eastern, the average borrower should expect to owe $27,879 in educational debt, which represents a yearly decrease of .73 percent.
As a whole state, Ohio’s student debt per borrower figure is $29,579, which is the 16th highest in the United States. Ohio’s debt per borrower figure has increased by .64 percent year-over-year. Additionally, 65 percent of all graduates from an Ohio college leave campus with some amount of student loan debt. Keep in mind, this report covered only federal student loans; private loan options were omitted.
Image Copyright © Eugene Kim
Author: Mike Brown
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