The 10 Tennessee Colleges With the Lowest Average Student Debt Per Borrower
Vanderbilt University gives the average student debtor $24,122 in educational debt, or the eighth lowest average in all of Tennessee.
According to LendEDU’s College Student Loan Debt Rankings by State report for 2017, Tennessee Technological University gives the average student loan borrower the least amount of student loan debt in the state of Tennessee.
The average borrower that attends Tennessee Technological University can expect to owe $19,363 in educational debt, the lowest such figure out of all 28 higher education institutions in Tennessee.
Coming in right behind Tennessee Technological University is Lincoln Memorial University, where the average student debtor owes $19,987. Lincoln Memorial’s average student loan debt per borrower figure is the lowest amongst private institutions in Tennessee.
At Tennessee Wesleyan Univeristy, the average student borrower owes $20,649, which is the third lowest average figure in the state. Tennessee Wesleyan’s average debt per borrower figure from 2017 has experienced a year-over-year decrease of 4.60 percent.
Saddling the average student debtor with $22,527 in educational debt, Christian Brothers University takes the fourth spot on LendEDU’s list of Tennessee colleges that have the lowest average debt per borrower figures. 68 percent of all graduates from Christian Brothers University receive their diploma with some amount of student loan debt.
The University of Tennessee at Chattanooga rounds out LendEDU’s top five. At that school, the average borrower owes $22,917 in student loans, which represents a year-over-year decrease of .40 percent.
At Austin Peay State University, the average educational debtor can reasonably expect to owe $23,808 in student loan debt. That average figure is the sixth lowest in the entire state of Tennessee and signifies a yearly decrease of 6.62 percent.
Securing the seventh hole is King University, where the average borrower should expect to owe $23,950 in student loan debt. 83 percent of all graduates from King University leave campus with some amount of student loan debt.
Vanderbilt University hampers the average student debtor with $24,122 in educational debt, the eighth lowest average in the state of Tennessee. Vanderbilt’s average debt per borrower figure has experienced a year-over-year increase of 12.16 percent.
At the University of Tennessee, the average student loan borrower owes $24,420 in educational debt. That figure lands the University of Tennessee the number nine spot on LendEDU’s list of Tennessee Colleges that give average borrowers the least amount of student debt.
Finally, Sewanee: The University of the South completes LendEDU’s top ten list of Tennessee schools with the lowest average debt per borrower figures. At that institution, the average borrower owes $24,431 in educational debt. Sewanee’s average debt per borrower figure has increased by 9.25 percent year-over-year.
Overall, the average student debt per borrower figure for the entire state of Tennessee is $26,611, which represents a yearly increase of 1.50 percent. Tennessee’s average debt per borrower figure is the 34th highest in the U.S. Further, 57 percent of all graduates from the state of Tennessee have some amount of student loan debt.
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