Newly released rankings from U.S. News & World Report confirm that graduates from Louisiana State University at Alexandria incur less school-related debt than many other college graduates of similar institutions.
In its annual rankings of higher education institutions, U. S. News & World Report announced today that LSU Alexandria was ranked 7th among National Liberal Arts Colleges with the least student indebtedness at graduation.
The average amount of debt among LSUA’s 2011 graduates who borrowed funds to seek their degree was $12,929. This figure includes loans from colleges, private financial institutions, and government. It reflects the cumulative amount among students who borrowed money to attend college, but is not an average for all graduates. Almost one-third (32%) of LSUA students had no debt at graduation.
“Being named in the Top 10 speaks volumes about the value that an education from LSU Alexandria provides its students,” said Dr. Barbara Hatfield, provost and vice chancellor for academic and student affairs. “Our faculty, staff, and administration strive to provide our students with a solid educational foundation without burdening them with significant amounts of unnecessary debt.”
LSU Alexandria requires that all students seeking student loans attend a financial literacy workshop prior to the disbursement of the funds. The workshop must be attended at least once per academic year.
While not included in the 2011 figures, LSU Alexandria this year has allocated additional funds to assist students with the rising costs of attending college. Funds from the LSU Alexandria Foundation Scholarship Fund as well as matching funds from private donors have enabled LSU Alexandria to provide grants to some students to assist with the “cost gap” of attending college. Students must meet certain standards to be eligible for the grants.
The U.S. News report, which hits newsstands on Sept. 18, includes rankings of colleges and universities from across the country on multiple indicators of excellence, including freshman retention and graduation rates, faculty to student ratios, overall value, and other factors.
According to the U.S. News, the ranking formula includes measures that have been accepted as reliable indicators of academic quality as well as views of what matters most in education.
The U.S. News Best Colleges rankings can be found online at www.usnews.com.