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Average Undergraduate Student Debt

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, 69% of students completing their undergraduate degree in 2019 ended up with an average accrued debt of $29,900. 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 2019, the most recent year for which data was made available. Data was collected from institutions' Common Data Set (CDS) profiles for 2019-20.

Table updated on August 22, 2020

Institution% of Students Borrowing:Avg. Cumulative Debt (at Graduation)
Agnes Scott College64%$31,271
Albion College69%$35,529
Alfred University86%$34,224
American University63%$35,122
Amherst College28%$22,629
Appalachian State University58%$23,230
Arizona State University29%$23,711
Auburn University39%$31,732
Augustana College (IL)77%$34,207
Babson College42%$37,444
Ball State University70%$28,603
Bard College55%$28,036
Barnard College42%$23,927
Baruch College (CUNY)13%$9,182
Bates College33%$23,383
Baylor University51%$49,610
Belmont University50%$29,702
Beloit College61%$23,534
Berea College25%$5,517
Bennington College53%$29,443
Bentley University57%$35,187
Binghamton University51%$27,679
Birmingham Southern College53%$30,307
Boise State University60%$27,052
Boston College47%$23,136
Boston University46%$40,349
Bowdoin College28%$26,775
Bowling Green State University74%$30,603
Brandeis University46%$32,158
Brigham Young University24%$14,672
Brooklyn College (CUNY)30%$14,736
Brown University31%$24,304
Bryant University65%$53,350
Bryn Mawr College52%$28,772
Bucknell University46%$31,000
Butler University59%$36,695
California Institute of Technology30%$20,192
Cal Poly, San Luis Obispo41%$22,411
Cal Poly, Pomona53%$21,252
California State University - Fresno41%$15,772
California State University - Fullerton42%$7,665
California State Univesrsity - Long Beach47%$18,686
Calvin College55%$25,888
Canisius College72%$35,503
Carleton College40%$19,405
Carnegie Mellon University52%$31,342
Case Western Reserve University44%$33,946
Catholic University69%$46,702
Centre College51%$27,418
Chapman University50%$27,117
Christopher Newport University61%$32,878
City College (CUNY)Not Reported$7,225
Claremont McKenna College36%$21,450
Clark University61%$34,390
Clarkson University81%$29,000
Clemson University47%$32,510
Colby College60%$24,380
Colgate University37%$25,044
College of Charleston52%$28,631
College of New Jersey, The62%$37,937
College of the Atlantic69%$29,731
College of the Holy Cross52%$26,258
College of William & Mary33%$28,895
Colorado College33%$23,579
Colorado School of Mines4%$30,983
Colorado State University53%$27,142
Columbia UniversityNot ReportedNot Reported
Connecticut College54%$37,817
Cooper Union18%$18,272
Cornell College79%$38,215
Cornell University40%$27,094
Creighton University55%$38,042
Dartmouth College40%$25,071
Davidson College30%$23,535
Denison University48%$33,548
DePaul University64%$29,621
DePauw University72%$25,904
Dickinson College55%$27,030
Drake University60%$34,492
Drew University62%$25,049
Drexel University67%$72,883
Duke University33%$22,203
Duquesne University58%$55,243
Earlham College44%$26,103
East Carolina University68%$23,709
Eckerd College58%$3,366
Elon University34%$32,028
Emerson CollegeNot Reported$23,653
Emory University35%$24,889
Evergreen State College58%$20,488
Fairfield University61%$39,214
Florida Atlantic University51%$23,439
Florida Institute of Technology50%$38,943
Florida International University45%$19,705
Florida State University42%$25,013
Fordham University57%$37,283
Franklin & Marshall College54%$27,928
Franklin W. Olin College of Engineering28%$13,480
Furman University41%$30,388
George Mason University58%$33,362
George Washington University45%$34,768
Georgetown College73%$34,766
Georgetown University36%$26,759
Georgia College53%$33,124
Georgia Institute of Technology40%$31,545
Georgia Southern University63%$24,671
Georgia State University67%$28,864
Gettysburg College60%$34,630
Gonzaga University54%$29,685
Goucher College60%$28,145
Grinnell College61%$20,093
Gustavus Adolphus College83%$35,145
Hamilton College44%$17,292
Hampshire College70%$29,499
Harvard University7%$6,170
Harvey Mudd College47%$29,139
Haverford College27%$17,146
Hendrix College58%$28,849
High Point University53%$39,597
Hobart and William Smith Colleges72%$36,561
Hofstra University63%Not Reported
Hollins University74%$33,691
Hope College59%$33,856
Howard University50%$23,507
Hunter College (CUNY)15%$16,272
Illinois Institute of Technology51%$29,594
Illinois Wesleyan University68%$34,268
Indiana University - Purdue U. Indianapolis65%$27,022
Indiana University Bloomington44%$27,555
Iowa State University56%$28,097
Ithaca College69%$42,000
James Madison University51%$28,554
Johns Hopkins University46%$25,697
Juniata College77%$29,700
Kalamazoo College56%$34,179
Kansas State University57%$28,318
Kennesaw State University60%$26,009
Kent State University72%$31,113
Kenyon College39%$26,865
Kettering University74%$46,620
Knox College61%$29,988
Lafayette College39%$30,863
Lake Forest College70%$34,587
Lawrence University53%$28,828
Lehigh University50%$39,609
Lewis & Clark College49%$30,460
Louisiana State University44%$24,851
Louisiana Tech University48%$24,425
Loyola Marymount University49%$33,742
Loyola University Chicago62%$35,030
Loyola University Maryland63%$41,443
Loyola University New Orleans71%$27,049
Macalester College59%$23,060
Manhattan College74%$35,000
Marist College64%$39,035
Marquette University59%$38,173
Massachusetts Institute of Technology29%$22,696
Messiah College73%$41,859
Miami University45%$29,652
Michigan State University51%$31,393
Middlebury College50%$19,838
Milwaukee School of Engineering79%$36,150
Mississippi State University55%$31,060
Missouri Univ. of Science and Technology62%$30,168
Montana State University52%$28,158
Morehouse College80%$31,833
Mount Holyoke College67%$25,811
Muhlenberg College60%$32,963
New College of Florida42%$18,953
New Jersey Institute of Technology58%$38,718
New Mexico State University47%$21,124
New York University39%$29,242
North Carolina State University50%$25,893
Northeastern UniversityNot ReportedNot Reported
Northwestern University34%$36,350
Oberlin College45%$26,175
Occidental College59%$29,306
Oglethorpe University66%$35,732
Ohio State University50%$27,242
Ohio University66%$28,856
Ohio Wesleyan University69%$36,680
Oklahoma State University50%$25,185
Old Dominion University73%$31,142
Oregon State University55%$27,392
Penn State University, University Park52%$40,128
Pepperdine University52%$34,711
Pitzer College37%$26,489
Pomona College25%$18,829
Princeton University17%$9,445
Providence College57%$44,529
Purdue University - West Lafayette51%$27,673
Quinnipiac University70%$48,544
Ramapo College of New Jersey67%$35,658
Reed College52%$25,657
Rensselaer Polytechnic Institute63%$34,595
Rhodes College46%$26,155
Rice University25%$24,292
Rochester Institute of Technology75%$41,202
Rollins College44%$31,992
Rose-Hulman Institute of Technology58%$47,953
Rutgers University56%$30,829
Saint Louis University58%$34,188
Saint Mary's College, Notre Dame65%$34,084
Saint Michael's College66%$36,615
Samford University32%$29,676
San Diego State University44%$21,172
San Francisco State University28%$5,928
San Jose State University44%$18,225
Santa Clara University35%$26,603
Sarah Lawrence College37%$19,610
Scripps College32%$30,150
Seattle University69%$28,053
Seton Hall University68%$29,108
Sewanee - The University of the South44%$31,737
Siena College77%$35,057
Simmons University77%$37,935
Skidmore College34%$31,381
Smith College61%$21,460
Soka University of America59%$26,058
Southern Methodist University28%$30,697
Southwestern University61%$34,551
Spelman College94%$33,870
St. Lawrence University60%$32,390
St. Mary's College of Maryland52%$25,579
St. Olaf College60%$28,950
Stanford University17%$22,897
Stevens Institute of Technology64%$37,900
Stonehill College71%$38,359
Stony Brook University49%$25,678
SUNY, Oneonta73%$26,092
SUNY, Maritime College67%$33,440
SUNY, New Paltz62%$26,771
SUNY, College of Environmental Science and Forestry68%$26,679
SUNY, Geneseo58%$23,666
SUNY, Oswego78%$28,006
SUNY, Purchase College68%$23,987
University at Albany (SUNY)65%$27,983
Susquehanna University84%$40,455
Swarthmore College26%$24,099
Syracuse University59%$37,563
Temple University71%$38,634
Texas A&M University - College Station43%$24,590
Texas Christian University34%$47,931
Texas Tech University55%$30,759
Thomas Aquinas College82%$18,967
The Citadel60%$28,159
The College of Wooster53%$32,194
Towson University60%$27,610
Transylvania University65%$30,826
Trinity College (CT)44%$30,893
Trinity University47%$43,005
Truman State University52%$25,660
Tufts University30%$27,006
Tulane University34%$34,037
Union College53%$36,921
University at Buffalo (SUNY)57%$25,157
University of Alabama47%$34,975
University of Arizona45%$26,414
University of Arkansas47%$25,778
University of California, Berkeley32%$19,773
University of California, Davis48%$18,985
University of California, Irvine50%$19,597
University of California, Los Angeles42%$22,390
University of California, Merced70%$19,551
University of California, Riverside62%$20,779
University of California, San Diego41%$20,536
University of California, Santa Barbara51%$18,995
University of California, Santa Cruz56%$21,375
University of Central Florida50%$22,561
University of Chicago29%$26,619
University of Cincinnati58%$30,350
University of Colorado Boulder40%$27,568
University of Connecticut56%$29,217
University of Dallas65%$35,993
University of Dayton54%$34,285
University of Delaware59%$37,447
University of Denver44%$27,938
University of Florida35%$20,388
University of Georgia41%$22,918
University of Hawaii at Manoa41%$24,223
University of Houston44%$22,858
University of Illinois at Chicago58%$21,934
University of Illinois at Urbana-Champaign44%$24,655
University of Iowa48%$28,328
University of Kansas53%$28,176
University of Kentucky52%$33,927
University of Louisville51%$24,840
University of Maine75%$34,703
University of Mary Washington56%$31,157
University of Maryland, Baltimore County49%$26,315
University of Maryland, College Park39%$29,133
University of Massachusetts Amherst62%$31,755
University of Memphis68%$26,204
University of Miami35%$21,000
University of Michigan38%$25,777
University of Minnesota, Twin Cities57%$26,262
University of Minnesota, Morris70%$23,363
University of Mississippi48%$31,086
University of Missouri, Columbia52%$27,634
University of Missouri, Kansas City52%$25,122
University of Montana58%$27,132
University of Nebraska - Lincoln55%$22,290
University of Nevada - Las Vegas43%$19,605
University of Nevada - Reno48%$22,418
University of New Hampshire80%$42,246
University of New Mexico43%$20,532
University of North Carolina at Asheville59%$24,476
University of North Carolina at Chapel Hill37%$21,203
University of North Carolina at Charlotte66%$28,583
University of North Carolina at Greensboro71%$23,317
University of North Carolina at Wilmington56%$26,568
University of North Texas62%$22,307
University of Notre Dame40%$27,460
University of Oklahoma43%$30,258
University of Oregon44%$26,548
University of Pennsylvania22%$23,009
University of Pittsburgh61%$39,417
University of Portland56%$32,027
University of Puget Sound48%$36,290
University of Rhode Island63%$35,883
University of Richmond41%$28,341
University of Rochester51%$28,503
University of San Diego45%$30,497
University of San Francisco49%$33,752
University of Scranton75%$41,570
University of South Carolina52%$30,449
University of South Florida50%$21,463
University of Southern California31%$28,434
University of Tennessee - Knoxville50%$27,060
University of Tennessee - Chattanooga56%$23,059
University of Texas at Austin, The40%$24,263
University of Texas at Dallas, The32%$23,176
University of the Pacific60%$29,929
University of Tulsa31%$36,176
University of Utah46%$19,656
University of Vermont57%$31,684
University of Virginia33%$26,023
University of Washington33%$19,198
University of Wisconsin - Madison44%$27,973
University of Wyoming46%$23,444
Ursinus College71%$41,654
Vanderbilt University22%$22,727
Vassar College53%$19,474
Villanova University49%$36,716
Virginia Commonwealth University64%$32,163
Virginia Military Institute64%$35,353
Virginia Tech48%$33,312
Wabash College72%$35,273
Wake Forest University30%$34,053
Washington & Jefferson College86%$48,582
Washington & Lee University32%$22,415
Washington State University57%$25,899
Washington University in St. Louis27%$22,555
Wayne State University68%$25,095
Wellesley College45%$23,437
Wentworth Institute of Technology81%$58,867
Wesleyan University36%$26,016
West Chester University of Pennsylvania77%$36,469
West Virginia University61%$32,541
Western Washington University53%$22,466
Westmont College67%$39,145
Wheaton College (IL)59%$19,555
Wheaton College (MA)66%$34,530
Whitman College43%$18,328
Whittier College77%$35,328
Willamette University61%$26,973
Williams College33%$15,911
Wittenberg University67%$29,755
Wofford College54%$31,107
Worcester Polytechnic InstituteNot ReportedNot Reported
Xavier University53%$10,348
Yale University15%$15,379
Yeshiva University39%$22,388
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