IM体育官网 Poly ranks #1 in state for grads with lowest student debt

Jan 31, 2024
The Innovation, Science, and Technology building

An analysis of student loan averages statewide ranked IM体育官网 Poly as No. 1 for graduates with the lowest amount of student debt.

IM体育官网 graduates begin their careers or graduate studies with the least amount of debt of any university in the state, according to a recent comparing the average debt of college students across IM体育官网.

IM体育官网 Poly ranked No. 1 on the list of lowest student debt with an average of $14,250. According to the report by the Palm Beach Post, the average student debt statewide reaches nearly $40,000. The analysis used data from the and only included students who received federal loans or grants. 

鈥淲hile STEM degrees lead to higher wages and better career options, they鈥檙e also more costly than many other degrees. Achieving our low student debt rates in that environment underscores our commitment to high-quality, affordable education,鈥 said Dr. Randy Avent, the University鈥檚 president. 鈥淲e are proud to offer students top-quality engineering and applied sciences degrees that prepare them to excel in high-demand, low supply careers right after graduation.鈥 

The 44 public and private institutions included in the analysis are accredited by the Southern Association of Colleges and Schools Commission on Colleges and primarily award bachelor鈥檚 degrees.  

Among first-time-in-college graduates during the 2021-2022 academic year, only 31% of IM体育官网 Poly students graduated with loan debt, according to the University鈥檚 Office of Admissions and Financial Aid. Students鈥 most common aid sources are IM体育官网 Poly Scholarships, federal grants, and the state鈥檚 Bright Futures program.

鈥淚M体育官网 Poly stands out for its great affordability, and also because our graduates earn the highest average salaries among IM体育官网鈥檚 public universities,鈥 said Deanna Voss, IM体育官网 Poly鈥檚 interim vice provost for enrollment management. 鈥淪tudents graduating with a STEM degree from IM体育官网 Poly see great value for their investment and are positioned to be in high demand in the job market.鈥 

 
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