Phil's Personal Finance Tip of the
Day:
Colleges that Lead to the Most and Least Debt
Students graduated from these universities owing between $5,000 and $47,000 in 2011
By Katy Hopkins | U.S.News & World Report LP
The U.S. News Short List, separate from our overall rankings, is a regular series that magnifies individual data points in hopes of providing students and parents a way to find which undergraduate or graduate programs excel or have room to grow in specific areas. Be sure to explore The Short List: College and The Short List: Grad School to find data that matters to you in your college or grad school search.
Students at Princeton University not only attend one of the best National Universities in the country, they also are likely leaving school with less debt than most of their peers.
Members of Princeton’s class of 2011 who borrowed for school graduated with an average of $5,000 in debt, the school reported to U.S. News. That’s the lowest class average of any National University, and well below the national average of $24,445.
Of the 270 ranked colleges in the U.S. News 2013 Best National Universities, 229 reported indebtedness data. Other highly ranked schools are comparatively good deals, too: Class of 2011 borrowers left Harvard University owing $11,780, and Yale University grads shouldered $8,940.
[Explore the U.S. News 2013 Best Colleges rankings.]
It’s not just the top schools that were the most likely to graduate students with low debt in 2011, however. San Diego State University, ranked 165 among National Universities, sent its student borrowers off with an average of $16,400 in debt, and at Old Dominion University in Virginia, students left owing an average of $16,500. In the U.S. News rankings, Old Dominion received a “Rank Not Published” (RNP) designation, signifying a school that falls in the bottom quarter of the rankings. U.S. News does not publish the numerical rankings of RNP schools.
Several RNP schools also sent their students off with the highest levels of debt in 2011. Clark Atlanta University, which received a RNP designation, graduated the most-indebted class of borrowers in 2011. Of the 2011 class, 94 percent of students borrowed for school and graduated owing an average of $47,066.
To read the entire article from US News & World Report:
http://finance.yahoo.com/news/colleges-that-lead-to-the-most-and-least-debt.html
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