ASU Nationally Ranked for Least Student Loan Debt
October 02, 2017
Angelo State University has been ranked among the nation’s top 150 “Public Colleges That Give Students the Least Private Student Loan Debt” by The Student Loan Report (SLR), a news and information guide dedicated exclusively to college student loans and financial aid.
ASU is ranked No. 57 in the nation, which puts ASU in the top 12 percent of the 480 public colleges in the U.S. that left students with private student loan debt. According to the SLR rankings, only 3 percent of ASU graduates leave school with outstanding private student loan debt, and their average debt load is $14,431.
Data for the SLR rankings was licensed from the most recent Peterson’s Financial Aid Data Set pertaining to the graduating class of 2016.
While about 90 percent of national student loan debt involves federal student loans, the remainder involves private student loans from banks, credit unions, online-only lenders, peer-to-peer lending websites and credit card companies. Private student loans typically come with higher interest rates and less forgiving repayment options than federal student loans.
“Your current and prospective college students should be excited to hear about this recognition,” said Drew Cloud, SLR founder. “The results show that Angelo State University is doing a great job of helping students fund their educations without having to take on loads of private student loan debt.”
Statistics from the ASU Office of Financial Aid indicate:
- Nine out of every 10 ASU students receive some form of financial aid.
- About 85 percent of ASU students receive a grant and/or scholarship while attending ASU.
- Almost 40 percent of ASU students receive a Carr Academic Scholarship.
- ASU employs more than 750 students in part-time jobs on campus.
- More than a third of ASU students graduate without student loan debt of any kind.
ASU is one of 15 Texas public institutions in SLR’s Top 150 rankings. The entire list is available at https://studentloans.net/colleges-give-students-most-least-private-student-debt/.
More information on financial aid available to ASU students, including scholarships, grants, employment and loans, is available at www.angelo.edu/pay-for-college/.