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Loading Up on Debt.

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Section: Money & Business

Paying For College

Loading Up on Debt


Given the rapidly increasing cost of attending college, many undergraduates leave campus weighed down by debt. U.S. News has compiled a list of the schools whose students in the class of 2004 graduated with the heaviest and lightest debt loads. The data include loans taken out by students from colleges, financial institutions, and governments. Parents' loans are not included. The number under the label "Average amount of debt" is the average cumulative amount borrowed by those students who incurred debt, not the average for all students. The first number indicates what percentage of the student body took on debt.

MOST DEBT

NATIONAL UNIVERSITIES

School (State) (*Public)                    % of grads   Average amount
                                             with debt          of debt

University of Miami (FL)                        58%          $31,723
Worcester Polytechnic Inst. (MA)                76%          $30,573
Idaho State University*                         69%          $29,467
Pepperdine University (CA)                      59%          $29,148
Seton Hall University (NJ)                      68%          $29,108
Pace University (NY)                            55%          $28,695
George Washington University (DC)               49%          $27,875
Case Western Reserve Univ. (OH)                 54%          $27,780
New York University                             60%          $27,639
University of San Diego                         42%          $27,587
Iowa State University*                          68%          $27,324
Biola University (CA)                           74%          $27,285
Florida Institute of Technology                 57%          $26,764
Nova Southeastern University (FL)               62%          $26,658
University of North Dakota*                     70%          $26,225

LIBERAL ARTS COLLEGES

School (State)                              % of grads   Average amount
                                             with debt          of debt

Bennett College (NC)                            95%          $35,125
Hartwick College (NY)                           72%          $31,206
Whittier College (CA)                           75%          $28,071
Albertson College (ID)                          94%          $26,340
Seton Hill University (PA)                      67%          $25,787
Albright College (PA)                           43%          $25,198
St. Lawrence University (NY)                    76%          $24,763
College of St. Benedict (MN)                    73%          $24,627
Smith College (MA)                              70%          $24,405
University of Puget Sound (WA)                  63%          $24,387
St. John's University (MN)                      73%          $23,924
Kalamazoo College (MI)                          54%          $23,890
Allegheny College (PA)                          78%          $23,846
St. Anselm College (NH)                         81%          $23,437
Lycoming College (PA)                           84%          $23,364

UNIVERSITIES - MASTER'S

School (State) (*Public)                    % of grads   Average amount
                                             with debt          of debt

NORTH
University of New England (ME)                  90%          $34,371
Rider University (NJ)                           68%          $30,519
Trinity University (DC)                         78%          $29,875
Villanova University (PA)                       55%          $29,675
Arcadia University (PA)                         84%          $29,087

SOUTH
Embry Riddle Aeronautical U. (FL)               69%          $43,053
Florida A&M University*                         75%          $24,469
University of Tampa (FL)                        71%          $24,402
Milligan College (TN)                           70%          $23,794
Alabama State University*                       90%          $23,378

MIDWEST
Concordia University-River Forest (IL)          73%          $38,858
College of St. Scholastica (MN)                 82%          $27,245
University of Dubuque (IA)                      97%          $26,500
Heidelberg College (OH)                         74%          $26,498
College of St. Catherine (MN)                   80%          $26,118

WEST
Our Lady of the Lake University (TX)            69%          $35,000
Chaminade Univ. of Honolulu                     65%          $29,770
Oral Roberts University (OK)                    83%          $29,692
Hardin-Simmons University (TX)                  71%          $27,534
University of Great Falls (MT)                  83%          $27,315

COMPREHENSIVE COLLEGES - BACHELOR'S

School (State)                              % of grads   Average amount
                                             with debt          of debt

NORTH
New England College (NH)                        69%          $35,748
Mount Ida College (NH)                          69%          $31,105
Merrimack College (MA)                          70%          $25,000
Elizabethtown College (PA)                      78%          $24,545
Messiah College (PA)                            65%          $23,287

SOUTH
Wingate University (NC)                         90%          $27,500
Bethune-Cookman College (FL)                    78%          $25,880
Mountain State University (WV)                  73%          $24,870
Lenoir-Rhyne College (NC)                       91%          $24,397
Dillard University (LA)                         90%          $23,585

MIDWEST
Ohio Northern University                        80%          $31,918
Concordia University (MI)                       68%          $30,209
Wartburg College (IA)                           96%          $28,129
Central College (IA)                            84%          $26,257
Morningside College (IA)                        91%          $25,677

WEST
Humphreys College (CA)                          95%          $30,000
McMurry University (TX)                         69%          $28,368
Linfield College (OR)                           75%          $25,894
Texas Lutheran University                       72%          $25,050
Carroll College (MT)                            78%          $23,067

LEAST DEBT

NATIONAL UNIVERSITIES

School (State) (*Public)                    % of grads   Average amount
                                             with debt          of debt

Princeton University (NJ)                       15%           $4,030
University of Hawaii-Manoa*                     21%           $5,379
University of Texas-El Paso*                    42%           $6,041
California Institute of Technology              46%           $7,400
N.M. Inst. of Mining and Tech.*                 62%           $8,788
Harvard University (MA)                         45%           $9,640
University of Utah*                             41%          $11,496
U. of North Carolina-Chapel Hill*               24%          $11,751
Univ. of Southern Mississippi*                  61%          $12,073
University of California-Davis*                 50%          $12,231
University of Alaska-Fairbanks*                 47%          $12,403
Utah State University*                          50%          $12,430
Brigham Young Univ.-Provo (UT)                  34%          $12,478
Univ. of Massachusetts-Amherst*                 42%          $12,677
University of Nevada-Las Vegas*                 39%          $12,818
University of Georgia*                          45%          $13,209
University of California-Irvine*                55%          $13,226
Univ. of Maryland-College Park*                 39%          $13,243
University of California-Berkeley*              49%          $13,277
University of Texas-Arlington*                  50%          $13,319
Univ. of California-Santa Cruz*                 53%          $13,419
Rice University (TX)                            38%          $13,452
Southern Illinois U.-Carbondale*                37%          $13,712
SUNY-Stony Brook*                               58%          $13,847
University of Florida*                          38%          $13,868

LIBERAL ARTS COLLEGES

School (State) (*Public)                    % of grads   Average amount
                                             with debt          of debt

University of Virginia-Wise*                    68%           $8,385
Christopher Newport Univ. (VA)*                 71%           $8,510
Eckerd College (FL)                             59%           $9,448
Amherst College (MA)                            50%          $10,170
Lees-McRae College (NC)                         51%          $10,378
Evergreen State College (WA)*                   51%          $10,486
Williams College (MA)                           42%          $10,753
Claremont McKenna College (CA)                  52%          $10,769
Texas A&M Univ.-Galveston*                      70%          $10,857
University of Hawaii-Hilo*                      38%          $11,210
Christendom College (VA)                        56%          $11,240
Univ. of Maine-Presque Isle 1*                  44%          $11,254
Wellesley College (MA)                          50%          $11,621
Principia College (IL)                          62%          $11,936
Colgate University (NY)                         33%          $11,947
Scripps College (CA)                            45%          $12,076
Wofford College (SC)                            64%          $12,281
Birmingham-Southern College (AL)                53%          $12,650
St. Andrews Presbyterian Col. (NC)              61%          $13,004
Swarthmore College (PA)                         35%          $13,134
Sewanee-University of the South (TN)            35%          $13,244
Lyon College (AR)                               93%          $13,423
Trinity College (CT)                            49%          $13,678
Bates College (ME)                              41%          $13,986
Thomas Aquinas College (CA)                     78%          $14,000

UNIVERSITIES - MASTER'S

School (State) (*Public)                    % of grads   Average amount
                                             with debt          of debt

NORTH
CUNY-Hunter College*                            36%           $8,500
Bridgewater State College (MA)*                 42%           $8,688
Rowan University (NJ)*                          97%           $9,575
Gallaudet University (DC)                       50%          $10,210
CUNY-Baruch College*                            18%          $10,250

SOUTH
Troy State University-Dothan (AL)*              50%           $6,038
Trevecca Nazarene University (TN)               79%           $6,544
Gardner-Webb University (NC)                    52%           $6,921
Hampton University (VA)                         67%           $6,982
Charleston Southern University (SC)             48%           $7,865

MIDWEST
University of Rio Grande (OH)                   44%           $7,506
Univ. of Wisconsin-Green Bay*                   57%           $9,238
Central Missouri State Univ.*                   66%           $9,960
Pittsburg State University (KS)*                94%          $10,348
Northeastern Illinois University*               29%          $10,941

WEST
Cameron University (OK)*                        30%           $6,300
Dominican University of California              52%           $7,395
Northeastern State University (OK)*             63%           $8,023
Sonoma State University (CA)*                   54%           $8,775
Northwestern Oklahoma State U.*                 61%           $9,456

COMPREHENSIVE COLLEGES - BACHELOR'S

School (State)                              % of grads   Average amount
                                             with debt          of debt
NORTH
CUNY-New York City College of Technology*       81%           $9,100
University of Maine-Fort Kent*                  81%          $10,483
Marymount College of Fordham University (NY)    85%          $11,006
Becker College (MA)                            100%          $12,657
University of Maine-Augusta*                    61%          $12,911

SOUTH
Louisiana College                               49%           $5,680
Peace College (NC)                              80%           $5,906
Alice Lloyd College (KY)                        44%           $6,034
Berea College (KY)                              79%           $6,436
Warner Southern College (FL)                    35%           $6,846

MIDWEST
College of the Ozarks (MO)                      21%           $6,060
MacMurray College (IL)                          90%          $11,179
Illinois College                                80%          $12,038
Lakeland College (WI)                           63%          $12,254
Columbia College (MO)                           56%          $12,707

WEST
Utah Valley State College*                      28%           $6,273
Brigham Young University-Hawaii                 26%           $6,684
University of Houston-Downtown*                 43%          $10,372
Jarvis Christian College (TX)                   72%          $11,500
Univ. of Science and Arts of Okla.*             61%          $11,940


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