Northeastern Illinois University tops Student Loan Report study on low student debt
Northeastern Illinois University’s average student loan debt is the lowest among Illinois public universities and fourth-lowest among all Illinois colleges and universities, according to a study released Nov. 27 by The Student Loan Report.
According to the report, only 53 percent of Northeastern’s 2017 graduating class incurred debt, with the average graduate owing $8,384.07. That’s well below the state’s $17,949 average. This report uses the same data as many other high-profile rankings but breaks down the debt by average graduate, not the average borrower.
The Student Loan Report is an organization that aims to gather information about student loans, financial aid and higher education. This study was licensed from Peterson’s Undergraduate Database.
In September, Northeastern earned the No. 1 spot 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 for the fifth year in a row.
In August, LendEDU published a report showing that Northeastern students graduate with the 12th-lowest student loan debt nationally among public four-year colleges and universities and the lowest debt among all Illinois public institutions.