ڰ students graduate with the lowest student loan debt among all four-year public and private institutions of higher learning in Illinois, according to a new report. ڰ ranked 27th among all four-year colleges and universities in the country, and 13th among all four-year public institutions.
The report was released by , an online student loan and student loan refinance company. LendEDU’s fourth annual was created using licensed financial aid data that is provided by the institutions. ڰ also was highly ranked in the first three reports, issued in 2016, 2017 and 2018.
Based on the Class of 2018, 53 percent of ڰ graduates incurred student debt, according to the LendEDU report, and the average debt per borrower was $16,220. Those numbers are significantly less than the state averages: 65 percent of students graduate with debt at an average of $29,692 per borrower.
In 2018, ڰ earned the No. 1 spot for the fifth consecutive year in U.S. News & World Report’s annual “Best Colleges” publication for students who graduate with the least amount of debt among Midwest regional universities. U.S. News & World Report’s 2019 rankings will be released later this year.
