The Student Loan Report recently published several studies of student debt, looking at which colleges offered the lowest student debt per graduate by state and nationally, as well as among public and private schools.
The new reports highlight Goshen College for ranking #10 among all colleges and universities in Indiana. Nationally, Goshen College ranks #191 among private schools and #419 overall, out of the total of nearly 600 colleges and universities who made the list.
The data in this report comes from Peterson’s Financial Aid dataset for the Class of 2016. In this dataset, all data is reported by the colleges themselves and published by Peterson’s.
In order to find out which schools had high levels of debt per graduating student, The Student Loan Report multiplied the average student loan debt per borrower by the percentage of graduates with student loans. The result of the calculation is the average student loan debt per graduate, accounting for both borrowers and non-borrowers.
To be included in this report, schools are required to have at least 100 graduates in the Class of 2016. They also needed to be private or public, four-year programs.