For the fifth straight year, the University of New Orleans ranks among the universities whose students graduate with the lightest debt loads, according to U.S. News & World Report.
The list examines the debt load of the class of 2014 and includes loans taken out by students from their colleges, from private financial institutions, and federal, state and local governments. Average amount of debt refers to the cumulative amount borrowed by students who incurred debt. For UNO's class of 2014, that amount was $18,850, putting it among the top 25 national universities with the lowest average debt load. The national university category refers to institutions that offer a full range of undergraduate programs, plus master's and doctoral programs, and emphasize faculty research. Fifty-three percent of UNO's class of 2014 graduated with debt.
Princeton University topped the list with the smallest percentage of graduates with debt (17 percent) and the lowest average amount of debt ($6,600).
"The University of New Orleans was founded on the twin pillars of academic quality and accessibility," said UNO President Peter J. Fos. "National recognition such as this highlights the fact that these principles are still intact nearly six decades later. We continue to believe that a UNO education is an outstanding value."
The information is contained in U.S. News & World Report's 2016 edition of Best Colleges.
|% of grads Avg. with debt||Avg. amount of debt|
|Princeton University (NJ)||17%||$6,600|
|Univ. of California-Berkeley||39%||$17,584|
|San Diego St.||49%||$18,400|
|Univ. of Houston||48%||$18,453|
|Univ. of New Orleans||53%||$18,850|
|Univ. of Pennsylvania||36%||$19,442|
|Univ. of California-Davis||56%||$19,705|
|Univ. of Texas-Dallas||48%||$19,884|
|Univ. of Utah||39%||$20,019|
|Wichita St. (KS)||62%||$20,044|
|Univ. of California-Irvine||55%||$20,319|