San Antonio, August 15, 2019 – As students continue to take on thousands of dollars in debt to finance their college education, a new study shows students graduating from the University of the Incarnate Word (UIW) are taking on one of the lowest debt loads nationwide.
The rankings — compiled by LendEdu for the fourth year in a row using the annual Peterson’s financial aid survey — looked at student loan debt figures at nearly 1,000 four-year private and public higher education institutions across United States.
UIW ranked third on the list of lowest debt with an average student loan debt of $3,909. Bryant University in Rhode Island was the most expensive, where students had to borrow an average of $54,067 to attend.
“A low student debt load is an important part of our overall vision and strategic plan for the University,” says Dr. Thomas M. Evans, university president. “It is our responsibility, not only to educate our students, but to do everything possible to support them by allowing them to graduate with the lowest possible debt and secure a career that lifts their lives, their families, and their communities. This study is just the latest illustration that we are trending in the right direction and we will continue to work to improve.”
The study was posted by Yahoo Finance and only Appalachian Bible College in West Virginia and Alabama State University ranked ahead of UIW. The study showed a majority of the schools with the highest debt load were in the Northeast. Overall, the report found that the average debt per borrower was $28,565 — up $277 from last year.