Broward News

Nova Southeastern University Ranks Third in the Nation in Student Debt Burden

Yet again, some place in South Florida ranks high on a nationwide list of some sort of crappy economic indicator.

This time, it's Nova Southeastern University ranking third-highest in the nation based on the average amount of student debt the class of 2010 had upon graduation.

According to statistics compiled by U.S. News & World Report, 76 percent of new graduates from the Davie-based Nova leave the school with some sort of debt, and on average, it's $43,206.

Only Clark Atlanta University (average debt of $45,227) and the University of North Dakota ($45,369) had higher levels of average student debt than Nova.

To make matters worse, Florida colleges also ranked fourth and fifth on the list.

Barry University, based in Miami Shores, took fourth place, with students leaving the school with an average of $42,798 in debt, although only 64 percent leave in the red.

In fifth place is the Melbourne-based Florida Institute of Technology, with an average debt of $41,565, with 65 percent of students graduating with debt.

All three of the Florida schools have similar enrollment numbers -- Nova has 5,868 undergrads, Barry has 5,098, and Florida Tech has 5,022.

According to U.S. News & World Report, college seniors who graduated with loans in 2010 nationwide owed an average of $25,250, up 5 percent from the year before.

If you want to know where to go to avoid student debt, the lowest were Princeton, Sam Houston State, Yale, and Harvard. Average debt in those schools ranged from $4,385 (Princeton) to $10,102 (Harvard).

Click on the image below to check out the infographic from Online University:

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Matthew Hendley
Contact: Matthew Hendley