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Average Student Debt (by Institution)

Figuring out college finances can be an extremely stressful and complex undertaking for college-bound teens and their families.

The FAFSA, the CSS Profile, Expected Family Contribution, Pell grants, work-study, need-based aid vs. merit aid, private loans vs Federal Stafford loans—it’s a lot to learn in a short amount of time. Therefore it can be advantageous to get a handle on the future tuition costs before even starting the college search process. One helpful indicator of which colleges meet student’s financial need is the average student loan debt held by graduates at the end of their four-year degree. For reference, student borrowers who graduated in 2023 accumulated more than $29,374 in undergraduate debt, on average. The institutions on our list whose students have significantly lower average debt are typically more generous with need-based and merit-based aid packages.

The following table indicates the median undergraduate debt of an institution’s graduates in 2023, the most recent year for which data was made available. Data was collected from institutions’ Common Data Set (CDS) profiles for 2023-24.

Table updated November 2024

Institution% Borrowed (Graduating Students)Average Total Debt
138600Agnes Scott College64%$29,021
210669Allegheny College59%$12,554
131159American UniversityAU49%$35,166
164465Amherst College22%$23,700
197869Appalachian State UniversityApp State53%$24,059
104151Arizona State UniversityASU40%$24,336
100858Auburn University37%$33,430
164580Babson College37%$41,002
189088Bard College51%$28,738
189097Barnard College29%$24,106
160977Bates College23%$31,074
223232Baylor University43%$47,808
238333Beloit College87%$28,808
230816Bennington College61%$29,533
164739Bentley University50%$39,343
156295Berea College39%$5,208
164748Berklee College of Music37%$43,407
196079Binghamton University51%$26,716
142115Boise State University50%$25,521
164924Boston CollegeBC44%$23,046
164988Boston UniversityBU32%$36,060
161004Bowdoin College22%$27,234
165015Brandeis University39%$27,176
230038Brigham Young University-ProvoBYU20%$15,234
217156Brown University20%$29,086
217165Bryant University64%$64,012
211273Bryn Mawr College49%$25,375
211291Bucknell University46%$37,160
150163Butler University49%$41,274
110404California Institute of TechnologyCaltech32%$15,896
111081California Institute of the Arts93%$31,293
110422California Polytechnic State University-San Luis ObispoCal Poly31%$18,962
110529California State Polytechnic University-Pomona43%$18,888
110556California State University-Fresno16%$5,557
110565California State University-Fullerton23%$4,013
110583California State University-Long Beach43%$17,072
110592California State University-Los Angeles84%$15,152
173258Carleton College35%$20,881
211440Carnegie Mellon UniversityCMU31%$29,092
201645Case Western Reserve University46%$27,947
131283Catholic University of America62%$42,351
156408Centre College55%$23,512
230852Champlain College71%$34,196
111948Chapman University45%$26,012
112260Claremont McKenna CollegeCMC32%$21,331
165334Clark University64%$37,881
190044Clarkson University75%$27,000
217882Clemson University44%$35,392
161086Colby College18%$23,199
190099Colgate University28%$20,884
217819College of Charleston50%$31,274
160959College of the Atlantic43%$23,719
166124College of the Holy Cross53%$22,290
231624College of William and MaryW&M31%$31,045
126678Colorado CollegeCC48%$18,054
126775Colorado School of Mines49%$33,208
126818Colorado State UniversityCSU48%$28,720
190150Columbia University in the City of New York14%$27,688
128902Connecticut College43%$33,699
190372Cooper Union for the Advancement of Science and Art28%$24,643
153162Cornell College65%$37,979
190415Cornell University33%$27,244
181002Creighton University56%$37,424
190512CUNY Bernard M Baruch College11%$5,012
190594CUNY Hunter College13%$25,827
182670Dartmouth College27%$24,135
198385Davidson College19%$30,793
202523Denison University34%$34,274
144740DePaul University61%$27,895
150400DePauw University78%$24,590
212009Dickinson College59%$28,076
153269Drake University58%$33,276
184348Drew University61%$24,362
212054Drexel University61%$36,725
198419Duke University24%$27,788
212106Duquesne University68%$59,173
150455Earlham College50%$26,584
198464East Carolina UniversityECU63%$27,334
133492Eckerd College59%$38,357
212197Elizabethtown College75%$44,052
198516Elon University34%$33,073
133553Embry-Riddle Aeronautical UniversityNot ReportedNot Reported
165662Emerson College53%$22,703
165671Emmanuel College68%$37,633
139658Emory University27%$23,869
129242Fairfield University62%$40,642
191126Fashion Institute of TechnologyFIT42%$25,161
133669Florida Atlantic UniversityFAU39%$21,986
133881Florida Institute of Technology52%$47,956
133951Florida International UniversityFIU25%$17,411
134079Florida Southern College73%$30,473
134097Florida State UniversityFSU32%$17,355
191241Fordham University50%$33,400
212577Franklin and Marshall CollegeF&M54%$27,720
441982Franklin W Olin College of Engineering30%$17,284
218070Furman University37%$30,425
232186George Mason UniversityGMU52%$30,450
131469George Washington UniversityGWU38%$32,231
131496Georgetown University33%$26,733
139861Georgia College & State University47%$32,683
139755Georgia Institute of TechnologyGeorgia Tech27%$28,656
139940Georgia State University58%$28,048
212674Gettysburg College65%$35,520
235316Gonzaga University49%$27,849
162654Goucher College62%$30,953
153384Grinnell College48%$14,288
212805Grove City College46%$47,962
173647Gustavus Adolphus College70%$37,338
191515Hamilton College46%$19,770
166018Hampshire College72%$24,450
150756Hanover College90%$27,304
166027Harvard University16%$17,940
115409Harvey Mudd CollegeHMC41%$28,766
212911Haverford College23%$12,000
107080Hendrix College51%$26,686
170286Hillsdale College35%$28,069
191630Hobart William Smith Colleges73%$31,773
191649Hofstra University58%$44,189
170301Hope College59%$34,413
131520Howard UniversityHU75%$28,956
145725Illinois Institute of TechnologyIIT53%$30,454
145646Illinois Wesleyan University71%$39,697
151351Indiana University-BloomingtonIUB39%$29,404
153603Iowa State University56%$30,740
191968Ithaca College69%$37,073
232423James Madison UniversityJMU48%$30,804
162928Johns Hopkins UniversityJHU23%$24,228
213251Juniata College54%$40,544
170532Kalamazoo College55%$30,246
155399Kansas State University51%$24,446
203535Kenyon College37%$21,513
169983Kettering University65%$44,244
146427Knox College64%$30,408
213385Lafayette College36%$29,411
146481Lake Forest College59%$32,650
239017Lawrence University55%$30,026
192323Le Moyne College86%$29,919
213543Lehigh University45%$33,270
209056Lewis & Clark College49%$30,741
159391Louisiana State UniversityLSU43%$24,679
117946Loyola Marymount UniversityLMU41%$34,113
146719Loyola University ChicagoLUC57%$34,789
163046Loyola University Maryland61%$36,559
173902Macalester College52%$22,381
161299Maine Maritime Academy85%$44,757
192819Marist College61%$38,623
239105Marquette University60%$33,243
166683Massachusetts Institute of TechnologyMIT14%$26,522
140447Mercer University58%$29,338
204024Miami University-Oxford44%$29,407
171100Michigan State UniversityMSU48%$30,661
171128Michigan Technological University60%$35,798
230959Middlebury College65%$15,417
239318Milwaukee School of EngineeringMSOE89%$38,973
176080Mississippi State University51%$24,254
178411Missouri University of Science and TechnologyMUST57%$29,441
180461Montana State University45%$26,402
140553Morehouse College0%$87,330
166939Mount Holyoke CollegeMHC60%$23,916
214175Muhlenberg College77%$44,617
262129New College of Florida30%$10,652
185828New Jersey Institute of TechnologyNJIT50%$31,855
187967New Mexico Institute of Mining and TechnologyNMIT42%$21,112
193900New York UniversityNYU29%$26,061
199193North Carolina State UniversityNC State42%$24,143
167358Northeastern University43%$35,092
147767Northwestern University29%$36,425
204501Oberlin College44%$27,527
120254Occidental CollegeOxy50%$27,682
204796Ohio State UniversityOSU42%$24,817
204857Ohio UniversityOU61%$26,968
204909Ohio Wesleyan University70%$33,564
209542Oregon State UniversityOSU49%$27,370
214777Pennsylvania State UniversityPSU; Penn State51%$46,653
121150Pepperdine University50%$29,645
121257Pitzer College33%$17,978
121345Pomona College20%$18,790
194578Pratt Institute-Main57%$36,183
186131Princeton University11%$17,494
217402Providence College77%$40,588
243780Purdue University-Main Campus36%$30,075
130226Quinnipiac UniversityNot ReportedNot Reported
186201Ramapo College of New Jersey57%$34,394
209922Reed College42%$23,058
194824Rensselaer Polytechnic InstituteRPI50%$37,839
217493Rhode Island School of DesignRISD39%$33,027
221351Rhodes College39%$21,967
227757Rice University14%$18,939
195003Rochester Institute of TechnologyRIT71%$40,141
136950Rollins College40%$31,728
152318Rose-Hulman Institute of TechnologyRHIT54%$45,749
184782Rowan University66%$33,991
186371Rutgers University-Camden71%$28,560
186380Rutgers University-New BrunswickRU49%$28,227
186399Rutgers University-Newark64%$24,350
183239Saint Anselm College74%$34,491
179159Saint Louis UniversitySLU57%$29,596
231059Saint Michael's College67%$37,330
122409San Diego State UniversitySDSU28%$14,063
122755San Jose State UniversitySJSU35%$14,912
122931Santa Clara UniversitySCU32%$25,337
195304Sarah Lawrence CollegeSLC62%$27,024
123165Scripps College25%$17,708
236595Seattle University69%$24,951
195474Siena College73%$38,617
167783Simmons University73%$38,526
195526Skidmore College44%$25,396
167835Smith College49%$15,143
399911Soka University of America47%$21,413
228246Southern Methodist UniversitySMU27%$38,339
228343Southwestern University59%$31,383
141060Spelman College63%$30,867
195216St. Lawrence UniversitySLU55%$35,082
174844St. Olaf College59%$27,720
163976St. John's College (MD)65%$28,119
245652St. John's College (NM)43%$26,959
163912St. Mary's College of Maryland46%$26,286
243744Stanford University13%$21,372
196176State University of New York at New Paltz60%$26,564
137546Stetson University61%$30,615
186867Stevens Institute of Technology71%$42,548
167996Stonehill College67%$41,695
196097Stony Brook University41%$22,695
196219SUNY at Purchase College66%$17,119
196167SUNY College at Geneseo64%$25,154
196103SUNY College of Environmental Science and Forestry63%$22,622
216287Swarthmore College18%$28,783
196413Syracuse University45%$41,384
216339Temple University72%$38,722
228723Texas A&M University-College Station37%$26,154
228875Texas Christian UniversityTCU34%$48,908
229115Texas Tech University48%$31,048
187134The College of New JerseyTCNJ58%$36,482
206589The College of Wooster51%$29,493
193654The New School31%$37,613
100751The University of Alabama45%$37,818
180489The University of Montana54%$24,922
137847The University of Tampa68%$27,290
221759The University of Tennessee-KnoxvilleUTK44%$28,327
228778The University of Texas at AustinUT Austin36%$20,157
228787The University of Texas at DallasUTD; UT Dallas30%$22,736
221519The University of the South38%$31,270
124292Thomas Aquinas College78%$19,702
216366Thomas Jefferson University94%$38,683
164076Towson University60%$27,311
130590Trinity College44%$31,525
229267Trinity University40%$36,326
178615Truman State University44%$23,342
168148Tufts University27%$27,162
160755Tulane University of Louisiana29%$26,816
196866Union College59%$37,822
128328United States Air Force AcademyUSAFANot ReportedNot Reported
130624United States Coast Guard AcademyUSCGANot ReportedNot Reported
197027United States Merchant Marine AcademyNot ReportedNot Reported
197036United States Military AcademyUSMANot ReportedNot Reported
164155United States Naval AcademyNot ReportedNot Reported
196088University at Buffalo53%$26,690
100663University of Alabama at BirminghamUAB55%$31,257
104179University of ArizonaUA38%$25,117
106397University of Arkansas45%$29,351
110635University of California-BerkeleyUCB: UC Berkeley27%$18,367
110644University of California-DavisUCD; UC Davis38%$16,977
110653University of California-IrvineUCI; UC Irvine35%$15,745
110662University of California-Los AngelesUCLA30%$16,966
445188University of California-MercedUC Merced59%$14,745
110671University of California-RiversideUCR; UC Riverside50%$18,490
110680University of California-San DiegoUCSD; UC San Diego37%$18,863
110705University of California-Santa BarbaraUCSB; UC Santa Barbara36%$16,213
110714University of California-Santa CruzUCSC; UC Santa Cruz41%$19,620
132903University of Central FloridaUCF33%$21,257
144050University of ChicagoUChicago10%$25,740
201885University of Cincinnati-Main Campus54%$26,486
126614University of Colorado-Boulder36%$31,040
129020University of ConnecticutUConn48%$24,260
224323University of Dallas60%$33,231
130943University of DelawareUD61%$38,180
127060University of DenverUD42%$31,988
134130University of FloridaUF20%$18,024
139959University of GeorgiaUGA33%$20,819
225511University of Houston41%$21,717
142285University of Idaho46%$19,860
145600University of Illinois at ChicagoUIC41%$21,689
145637University of Illinois at Urbana-ChampaignUIUC41%$21,143
153658University of Iowa49%$31,756
155317University of KansasKU49%$26,713
157085University of KentuckyUK50%$34,951
157289University of Louisville50%$26,273
161253University of Maine67%$35,842
232681University of Mary Washington48%$29,676
163268University of Maryland-Baltimore CountyUMBC41%$22,916
163286University of Maryland-College ParkUMD33%$28,956
166629University of Massachusetts-AmherstUMass Amherst58%$29,764
166638University of Massachusetts-BostonUMass Boston65%$27,371
166513University of Massachusetts-LowellUMass Lowell76%$30,316
135726University of MiamiUM35%$19,950
170976University of MichiganUMich34%$27,474
174233University of Minnesota-Duluth68%$31,677
174251University of Minnesota-Morris56%$22,745
174066University of Minnesota-Twin CitiesUMN46%$26,841
176017University of MississippiOle Miss46%$31,905
178396University of Missouri-ColumbiaMizzou47%$27,405
181464University of Nebraska-LincolnUNL51%$23,894
182281University of Nevada-Las VegasUNLV37%$23,634
182290University of Nevada-RenoUNR41%$23,310
183044University of New HampshireUNH74%$44,050
199111University of North Carolina at AshevilleUNC Asheville60%$22,385
199120University of North Carolina at Chapel HillUNC Chapel Hill27%$20,479
199139University of North Carolina at CharlotteUNCC; UNC Charlotte57%$25,514
199148University of North Carolina at GreensboroUNCG; UNC Greensboro67%$24,664
199218University of North Carolina-WilmingtonUNC Wilmington53%$26,402
152080University of Notre DameUND37%$32,014
207500University of OklahomaOU43%$32,609
209551University of Oregon41%$25,160
215062University of PennsylvaniaUPenn17%$28,497
215293University of Pittsburgh55%$38,437
209825University of Portland50%$29,223
236328University of Puget Sound51%$23,771
121691University of Redlands67%$30,010
217484University of Rhode IslandURI72%$46,957
233374University of Richmond39%$30,440
195030University of Rochester51%$30,839
122436University of San DiegoUSD44%$26,165
122612University of San FranciscoUSF51%$36,877
215929University of Scranton74%$43,314
218663University of South CarolinaUSC50%$33,036
137351University of South FloridaUSF33%$19,554
123961University of Southern CaliforniaUSC32%$25,863
174914University of St. Thomas (MN)57%$37,257
230764University of Utah35%$23,399
231174University of VermontUVM53%$34,970
234076University of VirginiaUVA32%$27,302
377555University of Washington-Bothell Campus32%$14,102
236948University of Washington-SeattleUW24%$17,427
240444University of Wisconsin-MadisonUW-Madison35%$26,345
216524Ursinus College72%$52,529
221999Vanderbilt UniversityVandy18%$23,887
197133Vassar College47%$21,146
216597Villanova University46%$37,974
234030Virginia Commonwealth UniversityVCU58%$31,150
233921Virginia TechVirginia Tech45%$32,462
152673Wabash College68%$33,433
199847Wake Forest University21%$33,246
234207Washington and Lee UniversityW&L; WLU24%$31,419
164216Washington College67%$37,463
236939Washington State UniversityWSU48%$24,874
179867Washington University in St. LouisWashU25%$21,347
168218Wellesley College36%$18,514
168227Wentworth Institute of Technology87%$47,021
130697Wesleyan University26%$28,948
216764West Chester University of Pennsylvania73%$34,313
238032West Virginia UniversityWVU61%$32,541
125727Westmont College63%$32,766
149781Wheaton College (IL)57%$29,194
168281Wheaton College (MA)67%$37,630
237057Whitman College46%$20,491
125763Whittier College65%$28,977
210401Willamette University59%$25,118
168342Williams College27%$13,893
218973Wofford College53%$34,189
168421Worcester Polytechnic InstituteWPINot ReportedNot Reported
130794Yale University11%$8,796
197708Yeshiva UniversityYU31%$20,554

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