 UMass Amherst Earns National Ranking for Least Student Debt in U.S. News & World Report Survey
Aug. 22, 2008
AMHERST, Mass. – When it comes to students graduating with the least debt, UMass Amherst ranks among the leaders in the nation.
The campus places among the top five national universities in producing graduates with the least debt in the Class of 2007, according to a U.S. News & World Report survey. The two-part ranking includes the average total indebtedness of members of the graduating class and a percentage of class members who took out loans. UMass Amherst students had an average debt of $12,062, with 56 percent of the class having borrowed some funds.
UMass Amherst ranked fifth nationally, following Princeton University, California Institute of Technology, Harvard University and the University of Louisville, and slightly better than Yale University, Rice University, the University of Wisconsin-Milwaukee and the University of California-Irvine.
The data used to compile the results includes loans taken out by students from the colleges themselves, from banks and financial institutions, and loans from federal, state and local governments. Loans from parents are not included. The figure cited for the average amount of debt for the graduating class is the average cumulative amount borrowed by students who took out loans, not the average of all students.
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