Montana Technological University Recognized for Low Student Loan Debt
08/28/2020
LendEDU’s Fourth Annual Student Loan Debt Report Highlights Montana Tech at #1 for the State of Montana
Montana Technological University was recognized for having the lowest student loan debt in the state of Montana for graduates by LendEDU. Their fifth annual report, released August 19, placed Montana Tech No. 1 for Montana and No. 91 nationally among public and private colleges and universities for having the lowest average student loan debt per borrower.
Montana Tech’s average student debt per borrower for 2019 graduates was $23,632, with 58 percent of our graduates taking on debt. The average debt for students from the class of 2019 was $29,076.
“We know Montana Tech is a smart investment, and this ranking demonstrates just that,” noted Chancellor Les Cook.
As national student loan debt has risen to $1.67 trillion, students and their families are carefully weighing their financial options for schools. Montana Tech has consistently been named the best value school in the nation. For a full list of current rankings, www.mtech.edu/pride/.