Student loan debt has long been a problem for countless Americans who are struggling to make ends meet let alone pay an average of $28,400 in college loans. For the class of 2016, the problem is even worse after they ended up being the most indebted class in history. Overall, there are more than 43 million Americans holding at least one student loan.
While the debt load is going to vary from state to state, the type of school a borrower chooses to attend is going to have a direct impact on how much they owe. The conventional wisdom is that non-profit, private colleges and universities are going to cost the most, but that isn’t always true. In fact, there are state schools that can cost an exorbitant amount of money putting students in a worse debt situation than their private school counterparts. With that in mind, here is a look at the colleges in the state of Oregon that leave its students with the most amount of debt.
The average debt of Oregonian college graduates stands at $26,968, just shy of the average, which places Oregon at number 32 for graduate student debt. Sixty-one percent of its graduates have at least one student loan, but many of these students have to pay back multiple loans. Although schools in Oregon have plenty of student loan debt, they are actually lower in general compared to some states with big cities and pricey schools. Still, that fact doesn’t leave Oregonian state schools off the hook.
Take Linfield College, a private higher education institution located in McMinnville, Oregon, for starters. The average graduate of that school leaves with $32,100 in student loan debt with 69% of its graduates owing at least one loan. Coming in second is Portland State University. While this school is a non-profit, public college students attending the school pay more in student loans than many of the other colleges or universities in the state. The average student loan debt per borrower is $32,018 with 65% of its students requiring loans to attend school. Another state school—Eastern Oregon University in La Grande, Oregon—rounds out the top three. Students leave that school with $30,990 on average in student loan debt with 72% of students needing to take out loans to attend college.
Coming in fourth place for the most student debt is Northwest Christian University, a private, Christian liberal arts college in Eugene, Oregon. Students graduate the school with an average of $30,655 in student loan debt with 74% of its graduates having at least one student loan to pay off. Coming in at fifth place is Concordia University, the private, non-profit Lutheran liberal arts school located in Portland. Students have an average of $30,431 in debt with 84% of graduates leaving school with student debt.
Author: Dave Rathmanner
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