UNT Dallas President Bob Mong hugs a graduate low student debt

The University of North Texas at Dallas ranks No. 1 in the state and No. 2 nationally among public institutions for lowest student debt, according to LendEDU’s annual student loan debt rankings. Using data licensed from Peterson’s College Data, LendEDU posted its 2018 Student Loan Debt by School by State Report online at: https://lendedu.com/blog/average-student-loan-debt-statistics#TX.

“LendEDU’s data-driven study of student loan debt validates who we are at UNT Dallas – this university was built on the belief that every student should have the opportunity to earn a college degree, regardless of their economic background,” UNT Dallas President Bob Mong said. “Our affordable tuition plans ensure that our graduates enter the job market with financial freedom – not saddled with student debt. This allows our UNT Dallas alumni to chase their professional passion knowing that their dreams won’t be deterred by debt.”

At UNT Dallas, average tuition and fees is less than $9,200 per year, and graduates leave with an average of only $6,927 in loan debt. In Texas, according to LendEDU, the average debt per borrower is $27,001, while across the country, the average borrower from the Class of 2017 graduated with $28,288 in debt, an increase from $27,975 from the Class of 2016.

Texas Senator Royce West, who was instrumental in the formation of UNT Dallas, said the student loan debt ranking falls in line with his reasoning for helping UNT Dallas open as an independent university in 2010.

“One of the premier reasons that I championed the creation of the first state-supported, public, four-year university in the City of Dallas was that it was time for the largest city in our nation’s fourth-largest metropolitan area to have a public university within its boundary,” West said. “The second was that I wanted accessibility and affordability to higher education for the constituents I served and those yet unborn.”

According to LendEDU’s research, the majority of American college students use student loan debt to pay for college. Student loans are offered primarily by the Department of Education and by a number private banks and lenders. Over the last decade, the rising costs of college has increased the gap between financial aid and cost of attendance. As a result, more students are using student debt to fund their higher educations.

As part of its Student Loan Debt By School By State Report, LendEDU ranks our nation’s colleges and universities to see which schools are leaving graduates the most and the least student loan debt. LendEDU licensed the financial aid data from Peterson’s annual financial aid survey. In the report, LendEDU provided the following information for more than 1,000 four-year public and private institutions:

  • Average student loan debt per borrower
  • Percentage of graduates with student debt
  • Average private student loan debt per borrower
  • Percentage of graduates with private student debt
  • Overall rank in the United States (from lowest to highest debt per borrower)
  • Overall rank in each college’s respective state (from lowest to highest debt per borrower)
  • Overall rank among private institutions (from lowest to highest debt per borrower)
  • Overall rank among public institutions (from lowest to highest debt per borrower)
  • Percent change in average student debt per borrower vs. last year’s data

Under Mong’s leadership, UNT Dallas has achieved record enrollment approaching 4,000 students for Fall 2018, with an expectation of growth to more than 5,000 students by 2021. A residential campus for the first time in 2017, UNT Dallas offers the most affordable tuition plans in the Dallas-Fort Worth region, helping students blaze their trail toward a bachelor’s, master’s or juris doctoral degree, while minimizing student debt. UNT Dallas’ value-based education is accompanied by innovative, high-quality academic programs that include opportunities for rich, experiential learning.