Tuesday, September 9, 2014

University of New Orleans Makes U.S. News & World Report's 'Least Debt' List for Fourth Year in a Row

Fpr the fourth year, the University of New Orleans ranks among the universities whose students graduate with the lightest debt loads, according to U.S. News and World Report.For the fourth 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.

For the fourth 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 second among national universities in percentage of graduates with debt.

The list examines the debt load of the class of 2013 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 2013, that amount was $19,957, putting it among the top 25 national universities with the lowest average debt load.

Of the 25 national universities listed on the "least debt" list, UNO's percentage of graduates with debt (19%) is the second lowest, trailing only Yale University (16%). The university with the lowest average amount of debt is Princeton University ($5,558). Universities included in the national universities category offer a full range of undergraduate programs, plus master's and doctoral programs, and emphasize faculty research.

"It's always very satisfying for our university to receive this type of national recognition because it validates the tremendous value of a degree from the University of New Orleans," said UNO President Peter J. Fos. "It demonstrates that students can still receive a superb education without the burden of excessive debt."

The information is contained in U.S. News & World Report's 2015 edition of Best Colleges.

School Avg. % of grads with debt Amount of debt
Princeton University (NJ) 24% $5,558
Harvard University (MA) 26% $12,560
Yale University (CT) 16% $13,009
Cal Tech 40% $15,010
Dartmouth (NH) 56% $15,660
BYU (UT) 30% $15,769
Stanford University (CA) 23% $16,640
Cal-Berkeley 43% $17,468
UNC-Chapel Hill 39% $17,602
Rice University (TX) 30% $17,856
MIT (MA) 41% $17,891
Fla. International 49% $17,893
Nevada-Las Vegas 44% $17,930
San Diego St. University 48% $18,100
University of Houston (TX) 49% $18,244
Duke University (NC) 37% $18,456
Utah State University 49% $19,100
University of West Florida 54% $19,239
N.C. State-Raleigh 57% $19,530
University of Pennsylvania 36% $19,798
Florida Atlantic University 48% $19,898
University of New Orleans 19% $19,957
Univ. of California-Davis 58% $19,970
SUNY-Envir. Sci. & Forestry 67% $19,989