Average SLU Student Debt: Lowest in the State
Saint Louis University’s 2017 graduating class carries the lowest level of student
loan debt compared to similar grads from other private and public universities in
Missouri, according to a study by LendEdu, a financial services organization that specializes in student lending.
“Saint Louis University is doing a great job at helping students afford their education
and attend college with as little debt as possible,” said Mike Brown, a research analyst
According to the report, which looked at students beginning at SLU as freshmen and
graduating, the average student loan debt for SLU 2017 grads is $21,292, compared
with a national average of $28,288 and state average of $26,834 of debt.
SLU has one of the lowest average student debt figures for all private institutions,
ranking 59 among similar schools in the nation. SLU also ranked 119 among 1,080 four-year
public and private nonprofit colleges and universities.
The University demonstrates its ongoing commitment to keep a SLU education affordable
in many ways.
In 2017 SLU set a new record in total institution-funded student aid, scholarships
and grants, a priority that continues into 2018. Of SLU’s freshmen, 98 percent receive
scholarships or financial assistance and more than 40 percent of students graduate
without student loan debt.
In addition, since 2013, SLU’s Go Further scholarship program, which matches every scholarship gift dollar-for-dollar, has
raised more than $39.5 million in matching dollars. The majority of Go Further scholarships
are designated for low-income, first-generation students.
The LendEdu report was based on the newest Peterson’s financial aid data, which was
reported through a voluntary survey completed by colleges and universities listed
in the report.