October 18, 2012
Springfield, Mo., Oct. 18, 2012 — The average student debt for 2011 Drury University graduates was more than $6,000 lower than the national average, according to the Project on Student Debt at The Institute for College Access & Success (TICAS), which released its annual student debt report today.
Drury students’ average debt for the class of 2011 was $20,500. The national average was $26,600, and the Missouri average student debt for the class of 2011 was $23,229 ranking 12th highest nationally. New Hampshire had the highest average student debt at $32,450.
Among Missouri’s four-year, public institutions, the average student debt for the class of 2011 was $22,590. The average student debt for private, not-for-profit, four-year colleges and universities in Missouri was $24,649 in 2011.
“In these tough times, a college degree is still your best bet for getting a job and decent pay,” said TICAS President Lauren Asher. “But, as debt levels rise, fear of loans can prevent students from getting the education they need to succeed. Students and parents need to know that, even at similar looking schools, debt levels can be wildly different. And, if they do need to borrow to get through school, federal student loans, with options like income-based repayment, are the safest way to go.”