EDWARDSVILLE — Southern Illinois University Edwardsville ranks 116th out of 1,300 colleges nationally for the lowest student loan debt per borrower, according to LendEDU.
Among public institutions, SIUE ranks 54th nationally. Among all Illinois institutions, SIUE is second.
The survey demonstrates that undergraduate SIUE students carry a very low amount of student debt ($20,817 average) at graduation. More than 42 percent of SIUE students graduate with zero student debt.
According to Payscale.com data for 2015, the starting salary for the average SIUE graduate was $46,800.
“For our students who choose to borrow, the investment appears to pay dividends immediately,” SIUE Chancellor Randy Pembrook said. “Employers and graduate schools recognize the quality of the highly accredited degrees offered at SIUE. As a result, our graduates have opportunities well worth the student loan payment required after graduation.”
LendEDU is the first organization to aggregate and analyze this data for the Class of 2015. See the rankings at Student Loan Debt Rankings - School Level or at the state level at Student Loan Debt By State By School.
LendEDU’s Student Loan Debt By School By State Report was created using the latest licensed Peterson’s financial aid data. Peterson’s released the fresh data for the Class of 2015 at the start of August.
“We encourage students and families to consider student debt before decision day,” said Alex Coleman, LendEDU director of business development. “SIUE is doing an excellent job helping students avoid student debt.”