UNO Press Releases

UNO Makes U.S. News & World Report's 'Least Debt' List for Second Year in a Row

September 12, 2012

Best Colleges 2013For the second 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. UNO ranks first among national universities in percentage of graduates with debt and 24th in terms of average amount of debt.

The list examines the debt load of the class of 2011 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 2011, that amount was $18,106. Only 23 other national universities had a lower average debt load.

Of the 26 national universities listed on the “least debt” list, UNO’s percentage of graduates with debt (19%) is the lowest. The university with the lowest average amount of debt is Princeton University ($5,000). Universities included in the national universities category offer a full range of undergraduate programs, plus master’s and Ph.D. programs, and emphasize faculty research.

“We are pleased to receive this type of recognition for the second year in a row,” said UNO President Peter J. Fos. “As both the president and a graduate of UNO, I can attest to the value of a UNO education. We have excellent academic programs, a superb faculty and a diverse and talented group of students; we continue to take great pride in the affordability, accessibility and quality of a UNO degree.”

The information is contained in U.S. News & World Report’s 2013 edition of Best Colleges.

  % of grads
with debt
Average
amount of debt
Princeton University (NJ 25%     $5,000
Yale University (CT)   23%  $8,940
Harvard University (MA) 34% $11,780
Cal Tech 43% $13,442
BYU (UT) 32% $14,320
Howard University (DC) 82% $15,080
University of Houston 49% $15,613
San Diego State University 44% $16,400
Stanford University (CA) 28% $16,458
Old Dominion University 75% $16,500
Rice University (TX) 24% $16,528
University of Texas–Dallas 36%    $16,813
University of Florida 52% $16,841
Cal–Berkeley 42%  $17,116
Dartmouth College (NH) 50% $17,119
Utah State University 48% $17,200
Fla. International Univ. 47% $17,256
NC State–Raleigh 55%  $17,317
University at Buffalo–SUNY 45% $17,440
UNC–Chapel Hill 37% $17,525
East Carolina Univ. (NC) 61% $17,805
University of Pennsylvania 43% $17,891
New Mexico State University 49% $18,059
University of New Orleans 19% $18,106
MIT 46% $18,127
Texas Tech University 49% $18,296