How many of us lament our student loans? Paying off a high monthly bill is a hard reality to accept, especially for those who are currently struggling with assessing the worth of a debt that has yet to lead to a steady or worthwhile career. As part of its annual rankings of colleges and universities, US News & World Report also analyzed data related to the amount of loans that students graduated with. The results are pretty interesting, but all these rankings should be read with a bit of skepticism. After all, even though a Harvard grad emerges with less debt, on average, than Clark Atlanta University grad, it should be taken into account that many Harvard students come from wealthier backgrounds, and that fact inevitably skews the numbers.
In any case here’s the list of 5 colleges with most student debt and 5 colleges with the least student debt for its undergraduate grads.
Top 5 Colleges With Most Student Debt
5. Florida Institute of Technology
Location: Melbourne, Florida
Size of school: 5,022 undergraduate students
Percentage of graduates with debt: 65%
Average amount of debt: $41,565