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Among public schools: Tech ranked sixth in the nation for lowest debt

October 1, 2015

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Paul Dauterive
STAFF REPORTER |
pdd010@ latech.edu

Louisiana Tech students might find they will have a little more money in their pockets after graduation compared to those who attend other public universities in the country.

According to a University Communications press release the U.S. News and World Report’s 2016 Best Colleges list ranked Tech first in the nation among public universities with  the least amount of average student debt.

Tech ranked sixth overall, behind private universities Princeton, California Institute of Technology, Brigham Young University, Yale and Harvard.

“Louisiana Tech’s position on this list with institutions such as Princeton, Harvard, Yale and California Institute of Technology is something our entire university community is extremely proud of and is a testament to our commitment to offering students educational excellence and value,” said Tech President Les Guice in the press release.

Calvin James, a junior construction engineering major at Tech, said he does not have as many loans as some of his friends from other schools because his friends pay significantly more for renting and other living expenses.

“I have a little bit of student loan debt; it’s not too high,” said James.

James said the living expenses for the area are not that high because it is a rural area.

The article released by University Communications said the U.S. News and World Report rankings are based on several key measures of quality.

This included aspects like assessment of excellence, graduation and retention rates, financial resources, and many other factors.

Scores for each measure are weighted to determine a final overall score.

Sarah Aydelott, a junior early childhood education major said her parents live in Monroe and help her pay for school.

She only pays for her own cost of living with a part time job.

“I feel like this is more of a local school when you talk to people, they are mostly from nearby,” Aydelott said.

Tanner Black, an economics and finance major, said, “I don’t have TOPS and I don’t have student loan debt but I had a high enough ACT score for scholarships and I got my out of state fee waived.”

Black said he almost took out loans for a summer class but decided to pay it out of pocket instead.

“I don’t have any loans currently, I may need them one day or I may not,” he said. For more information visit U.S. News and World Report.

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