Louisiana Tech University has been recognized in LendEDU’s fourth annual Student Loan Debt by School by State Report for having one of the lowest average student loan debt per borrower rates in Louisiana.
Louisiana Tech was ranked as second in the state for lowest student loan debt. The average loan debt for borrowers was $24,659, and the University was in the 25th percentile for number of students graduating with loans.
“We are proud to see Louisiana Tech continue to make higher education affordable,” said Dr. Les Guice, Louisiana Tech president. “Earning a college degree can be transformational for students and their families. Creating opportunities for all and strengthening our state, region, and nation means that our University works to make that education affordable for as many families as possible.”
Tech has consistently been named a best value among schools in Louisiana. Most recently, MONEY magazine recognized the University as a Best Value in the state and country, and Forbes magazine named Louisiana Tech to its Best Value Colleges list. Increasing access to quality education was also ranked as one of Louisiana Tech’s strengths in the Times Higher Education World Impact rankings released in early April.
“Students and parents continue to see that Louisiana Tech provides a nationally recognized value in higher education,” Guice said. “Our faculty and staff work to ensure that all students have the support to achieve their dreams – and make a positive change in their careers and communities – through a college degree.”
This recognition is an indicator of the investment Tech’s Office of Financial Aid makes in each student, Vice President for Student Advancement Dr. Dickie Crawford said.
“The team in the Office of Financial Aid has the daunting task of ensuring each student has the resources to complete their education,” Crawford said. “The office’s mission is to help our students succeed and begin to make an impact. Their hard work and caring are one of the first introductions our students have to the Tech Family, and they do a great job at it.”
In Louisiana, the average debt per student borrower is $27,487, the 20th lowest in the nation. Forty-seven percent of Louisiana’s college students graduated with debt.