US News & World Report named the University as having the second-least 2010 graduate debt in the country. The average University student graduated with $4,385 in debt, while the average 2010 graduate nationwide graduated with about $25,000 in debt. The University ranked after only Alice Lloyd College, a small private college in Kentucky, where the average student graduated $3,108 in debt. No other Ivy League school appeared in the "10 Schools with Least 2010 Graduate Debt" rankings.
The rankings excluded parent loans from their calculation of graduate debt, counting only loans from the universities, financial institutions and the government. US News & World Report collected data from over 1,000 schools.
In 2001, the University announced that it would offer scholarships in place of loans in students’ financial aid packages. Students do not have to repay the grants.
The University also ranked in the top 10 in the smallest percentage of students owing money. Of 2010 University graduates, 24 percent have borrowed money compared to the average of 68 percent for institutions that submitted data. The University was only of one of two schools that appeared in the top 10 on both US News & World Report lists.
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