Wednesday, September 9, 2015

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

University of New Orleans campusFor 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
Cal Tech 32% $12,104
BYU (UT) 26% $14,021
Yale (CT) 16% $14,853
Harvard (MA) 26% $15,117
La. Tech 51% $16,855
Dartmouth (NH) 46% $17,171
Univ. of California-Berkeley 39% $17,584
Southern Miss 67% $17,806
San Diego St. 49% $18,400
Univ. of Houston 48% $18,453
Fla. International 48% $18,519
Univ. of New Orleans 53% $18,850
UNC-Chapel Hill 41% $18,945
MIT (MA) 40% $19,064
Stanford (CA) 23% $19,230
Univ. of Pennsylvania 36% $19,442
Univ. of California-Davis 56% $19,705
Northwestern (IL) 46% $19,864
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
NC State-Raleigh 57% $20,482