The 10 Texas Colleges With the Lowest Average Student Loan Debt Per Borrower
Paul Quinn College gives the average student borrower $6,927 in educational debt, the lowest figure in the entire state of Texas.
According to LendEDU’s College Student Loan Debt Rankings by State report for 2017, Paul Quinn College has the lowest average student loan debt per borrower figure in the entire state of Texas.
Paul Quinn College, a private institution, has an average student loan debt per borrower figure of $6,102, which is a 156.93 percent year-over-year increase believe it or not.
The University of North Texas at Dallas has the second lowest average debt per student borrower figure in Texas. At that public institution, the average student loan borrower can expect to owe $6,927 in educational debt.
Securing the third spot on LendEDU’s list is Lamar University, where the average student debtor can reasonably expect to owe $11,878 in student loan debt. At Lamar University, 39 percent of all graduates receive their diploma with some amount of student loan debt.
The average student loan borrower that attends Texas Wesleyan University owes $12,360 in educational debt, or the fourth lowest total in the state of Texas. Texas Wesleyan University has the second lowest average debt per borrower figure of all private higher education institutions in the Lone Star State.
Rounding out LendEDU’s top five is the University of Texas at Arlington, where the average educational debtor owes $15,559 in student loan debt. At the University of Texas at Arlington, 83 percent of all graduates have student loan debt, which represents a yearly increase of 43.10 percent.
At the University of Texas Rio Grande Valley, the average student loan borrower owes $15,731 in student loan debt. This average amount is the sixth lowest in the entire state of Texas and indicates a year-over-year decrease of 2.71 percent.
Texas A&M International University has taken the seventh spot on LendEDU’s list of the Texas colleges that give the average student borrower the least amount of student loan debt. At that higher education institution, the average borrower can expect to owe $17,394 in student loan debt.
Taking the eighth spot on our list is the University of Texas of the Permian Basin, where the average student debtor will likely owe $17,578 in educational debt. The University of Texas of the Permian Basin’s average debt per borrower figure has seen a yearly increase of 4.78 percent.
The average student loan borrower at Texas A&M University-Corpus Christi owes $17,804 in student loan debt, the ninth lowest figure in the Lone Star State. 64 percent of all graduates from that school leave campus with some amount of educational debt.
Finally, the University of the Incarnate World rounds out LendEDU’s top ten of Texas higher education institutions that give borrowers the least amount of student loan debt. There, the average student debtor can reasonably expect to owe $19,243 in educational debt, which is a year-over-year decrease of 56.26 percent.
Overall, the average student loan borrower that attends any college or university in Texas can expect to owe roughly $26,236 in student loan debt, which represents a year-over-year decrease of 2.20 percent. Texas’ average student loan debt per borrower figure is the 37th highest in the U.S. Further, 55 percent of all graduates from higher education institutions in Texas receive their diploma with student loan debt.
Image Copyright © Paul Quinn College
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