Average Student Debt (by Institution)

Figuring out college finances can be an extremely stressful and complex undertaking for college-bound teens and their families.

The FAFSA, the CSS Profile, Expected Family Contribution, Pell grants, work-study, need-based aid vs. merit aid, private loans vs Federal Stafford loans—it’s a lot to learn in a short amount of time. Therefore it can be advantageous to get a handle on the future tuition costs before even starting the college search process. One helpful indicator of which colleges meet student’s financial need is the average student loan debt held by graduates at the end of their four-year degree. For reference, student borrowers who graduated in 2022 accumulated more than $37,000 in undergraduate debt, on average. The institutions on our list whose students have significantly lower average debt are typically more generous with need-based and merit-based aid packages.

The following table indicates the median undergraduate debt of an institution’s graduates in 2022, the most recent year for which data was made available. Data was collected from institutions’ Common Data Set (CDS) profiles for 2022-23.

Table updated December 2023

Institution% Borrowed (Any loan type)Average Total Debt
138600Agnes Scott College63%$35,702
210669Allegheny College68%$18,103
131159American UniversityAU53%$31,794
164465Amherst College26%$18,397
197869Appalachian State UniversityApp State55%$23,384
104151Arizona State UniversityASU41%$23,515
100858Auburn University38%$31,893
164580Babson College37%$39,255
189088Bard College63%$27,714
189097Barnard College37%$24,784
160977Bates College26%$28,397
223232Baylor University48%$46,992
238333Beloit College70%$30,622
230816Bennington College52%$19,010
164739Bentley University51%$34,626
156295Berea College39%$5,208
164748Berklee College of Music37%$49,989
196079Binghamton University51%$25,975
142115Boise State University50%$24,547
164924Boston CollegeBC45%$24,579
164988Boston UniversityBU36%$38,263
161004Bowdoin College23%$20,652
165015Brandeis University44%$28,061
230038Brigham Young University-ProvoBYU20%$15,049
217156Brown University21%$26,272
217165Bryant University65%$62,823
211273Bryn Mawr College50%$30,234
211291Bucknell University38%$37,632
150163Butler University47%$39,506
110404California Institute of TechnologyCaltech27%$17,219
111081California Institute of the Arts35%$29,500
110422California Polytechnic State University-San Luis ObispoCal Poly34%$18,665
110529California State Polytechnic University-Pomona43%$19,799
110556California State University-Fresno16%$5,557
110565California State University-Fullerton77%$6,820
110583California State University-Long Beach38%$16,928
110592California State University-Los Angeles77%$12,448
173258Carleton College37%$18,677
211440Carnegie Mellon UniversityCMU34%$30,334
201645Case Western Reserve University51%$28,085
131283Catholic University of America60%$44,086
156408Centre College52%$23,918
230852Champlain College68%$34,261
111948Chapman University46%$27,011
112260Claremont McKenna CollegeCMC32%$20,978
165334Clark University66%$38,035
190044Clarkson University79%$28,000
217882Clemson University46%$34,307
161086Colby College18%$23,958
190099Colgate University26%$25,631
217819College of Charleston51%$32,855
160959College of the Atlantic48%$28,140
166124College of the Holy Cross60%$24,617
231624College of William and MaryW&M33%$27,866
126678Colorado CollegeCC29%$26,093
126775Colorado School of Mines54%$31,046
126818Colorado State UniversityCSU48%$27,363
190150Columbia University in the City of New York19%$26,531
128902Connecticut College50%$38,564
190372Cooper Union for the Advancement of Science and Art29%$25,393
153162Cornell College64%$41,124
190415Cornell University37%$28,408
181002Creighton University52%$28,723
190512CUNY Bernard M Baruch College10%$4,836
190594CUNY Hunter College13%$25,827
182670Dartmouth College33%$25,195
198385Davidson College22%$23,409
202523Denison University44%$31,610
144740DePaul University63%$28,754
150400DePauw University75%$24,216
212009Dickinson College63%$27,462
153269Drake University60%$34,470
184348Drew University61%$29,632
212054Drexel University65%$34,140
198419Duke University24%$24,990
212106Duquesne University71%$51,598
150455Earlham College53%$24,507
198464East Carolina UniversityECU64%$28,120
133492Eckerd College63%$40,223
212197Elizabethtown College78%$39,115
198516Elon University39%$33,774
133553Embry-Riddle Aeronautical University15%$28,655
165662Emerson College56%$21,883
165671Emmanuel College75%$41,332
139658Emory University32%$25,895
129242Fairfield University59%$41,297
191126Fashion Institute of TechnologyFIT43%$24,599
133669Florida Atlantic UniversityFAU40%$21,572
133881Florida Institute of Technology53%$41,502
133951Florida International UniversityFIU28%$18,139
134079Florida Southern College83%$27,170
134097Florida State UniversityFSU36%$18,866
191241Fordham University55%$35,123
212577Franklin and Marshall CollegeF&M54%$29,998
441982Franklin W Olin College of Engineering34%$19,911
218070Furman University35%$34,145
232186George Mason UniversityGMU53%$31,190
131469George Washington UniversityGWU44%$32,730
131496Georgetown University34%$25,512
139861Georgia College & State University44%$31,544
139755Georgia Institute of TechnologyGeorgia Tech32%$27,451
139940Georgia State University60%$27,968
212674Gettysburg College62%$33,421
235316Gonzaga University50%$28,601
162654Goucher College70%$27,475
153384Grinnell College55%$14,738
212805Grove City College48%$46,218
173647Gustavus Adolphus College70%$37,338
191515Hamilton College45%$22,699
166018Hampshire College70%$30,531
150756Hanover College79%$23,689
166027Harvard University15%$13,683
115409Harvey Mudd CollegeHMC48%$22,789
212911Haverford College24%$16,354
107080Hendrix College44%$25,474
170286Hillsdale College34%$30,497
191630Hobart William Smith Colleges72%$37,668
191649Hofstra University60%$29,261
170301Hope College60%$34,259
131520Howard UniversityHU53%$29,646
145725Illinois Institute of TechnologyIIT53%$31,572
145646Illinois Wesleyan University73%$38,572
151351Indiana University-BloomingtonIUB40%$28,449
153603Iowa State University57%$29,454
191968Ithaca College72%$36,314
232423James Madison UniversityJMU49%$31,333
162928Johns Hopkins UniversityJHU34%$17,712
213251Juniata College65%$37,827
170532Kalamazoo College64%$31,811
155399Kansas State University51%$25,521
203535Kenyon College38%$24,719
169983Kettering University68%$43,381
146427Knox College63%$31,540
213385Lafayette College39%$28,840
146481Lake Forest College60%$31,412
239017Lawrence University57%$27,817
192323Le Moyne College82%$33,462
213543Lehigh University45%$37,147
209056Lewis & Clark College48%$30,914
159391Louisiana State UniversityLSU42%$24,784
117946Loyola Marymount UniversityLMU43%$32,828
146719Loyola University ChicagoLUC61%$35,489
163046Loyola University Maryland61%$37,594
173902Macalester College58%$21,841
161299Maine Maritime Academy86%$50,107
192819Marist College60%$41,731
239105Marquette University57%$36,244
166683Massachusetts Institute of TechnologyMIT15%$25,556
140447Mercer University59%$32,246
204024Miami University-Oxford43%$29,434
171100Michigan State UniversityMSU50%$31,591
171128Michigan Technological University66%$36,513
230959Middlebury College48%$17,792
239318Milwaukee School of EngineeringMSOE82%$22,110
176080Mississippi State University52%$24,797
178411Missouri University of Science and TechnologyMUST57%$28,667
180461Montana State University36%$27,500
140553Morehouse College87%$39,500
166939Mount Holyoke CollegeMHC59%$23,715
214175Muhlenberg College74%$32,544
262129New College of Florida34%$16,262
185828New Jersey Institute of TechnologyNJIT53%$28,089
187967New Mexico Institute of Mining and TechnologyNMIT42%$21,112
193900New York UniversityNYU33%$26,388
199193North Carolina State UniversityNC State47%$24,042
167358Northeastern University46%$32,559
147767Northwestern University29%$34,309
204501Oberlin College45%$30,446
120254Occidental CollegeOxy51%$27,879
204796Ohio State UniversityOSU44%$25,599
204857Ohio UniversityOU64%$28,635
204909Ohio Wesleyan University70%$33,650
209542Oregon State UniversityOSU50%$26,049
214777Pennsylvania State UniversityPSU; Penn State53%$44,008
121150Pepperdine University47%$28,962
121257Pitzer College36%$19,715
121345Pomona College26%$20,181
194578Pratt Institute-Main57%$39,183
186131Princeton University17%$12,500
217402Providence College72%$41,907
243780Purdue University-Main Campus39%$30,861
130226Quinnipiac University61%$36,000
186201Ramapo College of New Jersey63%$31,539
209922Reed College43%$26,500
194824Rensselaer Polytechnic InstituteRPI53%$41,523
217493Rhode Island School of DesignRISD33%$33,000
221351Rhodes College39%$21,967
227757Rice University18%$19,623
195003Rochester Institute of TechnologyRIT72%$38,111
136950Rollins College50%$32,795
152318Rose-Hulman Institute of TechnologyRHIT50%$55,774
184782Rowan University67%$35,245
186371Rutgers University-Camden57%$27,552
186380Rutgers University-New BrunswickRU47%$26,105
186399Rutgers University-Newark56%$25,436
183239Saint Anselm College73%$30,398
179159Saint Louis UniversitySLU57%$32,529
231059Saint Michael's College70%$40,336
122409San Diego State UniversitySDSU35%$21,212
122755San Jose State UniversitySJSU39%$17,606
122931Santa Clara UniversitySCU35%$25,193
195304Sarah Lawrence CollegeSLC62%$25,918
123165Scripps College28%$17,171
236595Seattle University74%$24,995
195474Siena College73%$39,057
167783Simmons University69%$36,358
195526Skidmore College38%$29,389
167835Smith College55%$19,595
399911Soka University of America45%$21,522
228246Southern Methodist UniversitySMU25%$38,298
228343Southwestern University56%$30,497
195216St Lawrence UniversitySLU62%$35,064
174844St Olaf College58%$27,181
245652St. John's College42%$25,727
163976St. John's College54%$18,333
163912St. Mary's College of Maryland59%$27,106
243744Stanford University14%$20,691
196176State University of New York at New Paltz61%$25,417
137546Stetson University58%$31,492
186867Stevens Institute of Technology70%$41,574
167996Stonehill College69%$42,318
196097Stony Brook University46%$23,899
196219SUNY at Purchase College64%$19,620
196167SUNY College at Geneseo64%$23,342
196103SUNY College of Environmental Science and Forestry61%$22,862
216287Swarthmore College21%$25,795
196413Syracuse University49%$39,319
216339Temple University74%$39,869
228723Texas A & M University-College Station39%$24,633
228875Texas Christian UniversityTCU33%$44,580
229115Texas Tech University49%$31,640
187134The College of New JerseyTCNJ58%$39,795
206589The College of Wooster52%$26,785
193654The New School35%$34,034
100751The University of Alabama48%$38,602
180489The University of Montana57%$25,880
137847The University of Tampa65%$39,256
221759The University of Tennessee-KnoxvilleUTK51%$26,811
228778The University of Texas at AustinUT Austin41%$21,809
228787The University of Texas at DallasUTD; UT Dallas29%$23,403
221519The University of the South36%$33,670
124292Thomas Aquinas College83%$18,405
216366Thomas Jefferson University93%$38,942
164076Towson University62%$28,721
130590Trinity College41%$33,528
229267Trinity University48%$39,138
178615Truman State University42%$21,766
168148Tufts University25%$24,468
160755Tulane University of Louisiana27%$29,234
196866Union College57%$37,284
128328United States Air Force AcademyUSAFA
130624United States Coast Guard AcademyUSCGA
197027United States Merchant Marine Academy
197036United States Military AcademyUSMA
164155United States Naval Academy
196088University at Buffalo56%$26,103
100663University of Alabama at BirminghamUAB58%$31,798
104179University of ArizonaUA41%$25,078
106397University of Arkansas47%$28,468
110635University of California-BerkeleyUCB: UC Berkeley28%$16,419
110644University of California-DavisUCD; UC Davis37%$17,534
110653University of California-IrvineUCI; UC Irvine39%$16,947
110662University of California-Los AngelesUCLA33%$17,920
445188University of California-MercedUC Merced61%$15,629
110671University of California-RiversideUCR; UC Riverside55%$18,960
110680University of California-San DiegoUCSD; UC San Diego39%$19,230
110705University of California-Santa BarbaraUCSB; UC Santa Barbara40%$17,242
110714University of California-Santa CruzUCSC; UC Santa Cruz43%$20,895
132903University of Central FloridaUCF39%$21,727
144050University of ChicagoUChicago14%$28,068
201885University of Cincinnati-Main Campus48%$26,250
126614University of Colorado Boulder36%$29,179
129020University of ConnecticutUConn52%$27,408
224323University of Dallas54%$30,127
130943University of DelawareUD60%$38,234
127060University of DenverUD44%$31,313
134130University of FloridaUF25%$18,991
139959University of GeorgiaUGA36%$22,532
225511University of Houston43%$21,553
142285University of Idaho52%$20,587
145600University of Illinois at ChicagoUIC43%$22,414
145637University of Illinois at Urbana-ChampaignUIUC41%$22,811
153658University of Iowa49%$31,771
155317University of KansasKU50%$28,493
157085University of KentuckyUK49%$33,788
157289University of Louisville50%$26,252
161253University of Maine69%$36,365
232681University of Mary Washington54%$32,352
163268University of Maryland-Baltimore CountyUMBC41%$23,810
163286University of Maryland-College ParkUMD36%$30,420
166629University of Massachusetts-AmherstUMass Amherst60%$31,480
166638University of Massachusetts-BostonUMass Boston66%$27,117
166513University of Massachusetts-LowellUMass Lowell74%$31,528
135726University of MiamiUM33%$20,000
170976University of MichiganUMich35%$28,487
174233University of Minnesota-Duluth69%$32,042
174251University of Minnesota-Morris64%$23,635
174066University of Minnesota-Twin CitiesUMN51%$26,576
176017University of MississippiOle Miss47%$33,582
178396University of Missouri-ColumbiaMizzou51%$26,732
181464University of Nebraska-LincolnUNL54%$24,811
182281University of Nevada-Las VegasUNLV42%$21,584
182290University of Nevada-RenoUNR43%$21,770
183044University of New HampshireUNH74%$44,341
199111University of North Carolina at AshevilleUNC Asheville58%$23,246
199120University of North Carolina at Chapel HillUNC Chapel Hill33%$20,680
199139University of North Carolina at CharlotteUNCC; UNC Charlotte59%$25,804
199148University of North Carolina at GreensboroUNCG; UNC Greensboro69%$25,477
199218University of North Carolina WilmingtonUNC Wilmington56%$26,670
152080University of Notre DameUND36%$28,625
207500University of OklahomaOU45%$32,312
209551University of Oregon42%$24,823
215062University of PennsylvaniaUPenn18%$27,705
215293University of Pittsburgh59%$38,460
209825University of Portland54%$31,891
236328University of Puget Sound53%$28,854
121691University of Redlands55%$31,500
217484University of Rhode IslandURI73%$39,450
233374University of Richmond37%$27,352
195030University of Rochester47%$29,386
122436University of San DiegoUSD51%$25,208
122612University of San FranciscoUSF53%$34,000
215929University of Scranton74%$43,254
218663University of South CarolinaUSC53%$31,695
137351University of South FloridaUSF37%$19,949
123961University of Southern CaliforniaUSC32%$26,534
174914University of St Thomas60%$42,984
231174University of VermontUVM55%$36,274
234076University of VirginiaUVA33%$26,211
377555University of Washington-Bothell Campus25%$15,500
236948University of Washington-SeattleUW28%$18,136
240444University of Wisconsin-MadisonUW-Madison37%$27,495
216524Ursinus College75%$45,929
221999Vanderbilt UniversityVandy18%$30,364
197133Vassar College45%$23,809
216597Villanova University37%$38,870
234030Virginia Commonwealth UniversityVCU61%$31,085
233921Virginia TechVirginia Tech46%$32,376
152673Wabash College73%$33,285
199847Wake Forest University25%$31,476
234207Washington and Lee UniversityW&L; WLU32%$21,269
164216Washington College67%$31,692
236939Washington State UniversityWSU49%$25,559
179867Washington University in St LouisWashU23%$21,932
168218Wellesley College41%$18,512
168227Wentworth Institute of Technology84%$45,038
130697Wesleyan University28%$25,283
216764West Chester University of Pennsylvania75%$35,714
238032West Virginia UniversityWVU55%$27,500
125727Westmont College62%$32,124
149781Wheaton College57%$27,569
168281Wheaton College72%$37,276
237057Whitman College43%$19,217
125763Whittier College73%$27,035
210401Willamette University58%$28,722
168342Williams College32%$13,341
218973Wofford College54%$34,925
168421Worcester Polytechnic InstituteWPI54%$32,500
130794Yale University14%$17,910
197708Yeshiva UniversityYU35%$19,812

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