10 Colleges Where Graduates Have A Low Average Debt Load
"More college students are graduating with student loan debt, and the amount of debt is increasing," according to U.S. News & World Report. "Princeton University students who borrow money graduate with the least average amount of debt, according to data submitted to U.S. News by 1,006 ranked schools. The average debt load for the school's class of 2012 was $5,096; 24 percent of students were borrowers. The debt data include loans taken out by students from their colleges, from private financial institutions and from federal, state and local governments. Loans to parents are not included. Graduates of College of the Ozarks, which requires students to work to pay off tuition, also had low average student debt: $8,915. Only 11 percent of students at the school borrow money. Other schools in the top 10 list where students have the least debt had much higher percentages. At King University, for example, 95 percent of 2012 graduates borrowed, and they had an average debt of $10,892. ... Among the 10 schools where students graduated with the least debt, the average debt load for the class of 2012 was $8,941. Of the 1,006 schools that submitted data to U.S. News, the average was $27,221." Visit U.S. News to see the full list.
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