Montreat College graduates have significantly less student loan debt than graduates of most colleges and universities, according to a report released last month by student loan financer LendEDU. Montreat College’s average student loan debt per borrower was lower than 90% of the 1,300 schools included in the report. Montreat College had the 11th lowest graduate debt among the 114 schools included from the Council for Christian Colleges & Universities. And even among schools in North Carolina—which has the 8th lowest student debt average of any U.S. state—Montreat still ranked 12th lowest among the 48 colleges and universities included in the report.
“For over 100 years, Montreat College has been committed to providing the best possible education while keeping the financial burden of that education as low as possible,” said Montreat College President Paul J. Maurer. “Our tuition is nearly 25% lower than the national average for private colleges and universities, and 99% of our students receive institutional aid. And so the results of this study, while gratifying, are not particularly surprising. Giving our students and their parents the greatest possible return on their investment is one of our foundational priorities.”
The LendEDU report was created using the most recent Peterson’s financial aid data, and the 1300 schools in the report include both private and public four-year colleges and universities. The full report can be viewed at www.lendedu.com.