Southeastern graduates have the least student loan debt out of all the universities in Louisiana, according to statistics recently released by LendEDU. The average debt per borrower for Southeastern’s graduating class of 2019 was ranked No. 1 for least debt and No. 36 for lowest debt nationwide.
In Louisiana, the average debt per student borrower is $23,855, the seventh lowest in the nation. Fifty-one percent of Louisiana students graduated with debt.
Southeastern graduates reported an average debt of $19,356, 1.93 percent less than the previous year.
“For over 95 years now, Southeastern has been dedicated to our students’ success,” said Southeastern President John L. Crain. “Part of that focus on student success is sensitivity to the cost of a college education. A Southeastern education is an incredible value and always has been. We have a long-standing tradition of programs and initiatives that help keep a Southeastern degree accessible and affordable.”
He pointed to two examples: the Southeastern Promise, which provides a four-year path to degree completion that comes with a fixed net tuition guarantee for participants, and the university’s textbook rental program, which saves students thousands of dollars while attaining their degrees.
The statistics stem from a voluntary survey conducted annually by Peterson’s College Data. The complete study can be found online here.
By Tonya Lowentritt