Most students who graduate in Utah have less borrowed debt than the national average.
A new report from Lend.edu found that the class of 2016 graduated with $27,975 in debt, which is 1.5 percent less than the $28,400 borrowed in 2015.
In a survey of 1,161 schools (both public and private), Lend.edu found the average student debt per borrower, the amount of graduates with student debt and how this year’s debt numbers compared to last year.
Utah ranked 51st overall for lowest debt per borrower (meaning its students had the least debt on average across the country) with students on average receiving $18,100 in debt. New Mexico ranked at No. 50, with $21,214.
Only one college in Utah had higher average student debt than the national average. Westminster College students on average have a debt of $30,442, just under $3,000 higher than the national average.
BYU students graduate with the least amount of debt with $15,158 on average. BYU saw the largest decrease from last year’s numbers, which dropped 3.58 percent. Only 26 percent of students graduated from BYU with debt, though.
Dixie State students also saw a 2.58 decrease, as students received $15,882 in debt. The survey found 81 percent of Dixie students graduate with debt.
Four Utah schools saw an increase in student debt, including Southern Utah University (12.78 percent), the University of Utah (10.63 percent), Weber State University (14.02 percent) and Utah State University (19.97 percent).
Here’s a quick breakdown at the Utah school numbers. See all the information at Lend.edu.