Doane College placed among the top 25 liberal arts colleges nationwide in the ‘least debt' rankings released in the Sept.17, 2007 issue of U.S.News & World Report
The category listed national universities and liberal arts colleges from which the class of 2006 graduated with the heaviest and lightest debt loads.
Doane was ranked 19th nationwide for a 2006 class in which 87 percent of graduates graduated with debt and the average debt totaled $13,647.
It's well below Nebraska's 2006 average student debt of $19,198, according to a recent study by the Project on Student Debt.
Doane graduates' total average debt translates roughly to a $160 monthly repayment for student loans. That compares to an approximate $236 monthly repayment for Nebraska's average student debt.
"Doane works hard to make sure student debt is manageable," according to Janet Dodson, director of Financial Aid. "We want to make sure that when students graduate they can afford to live."
Manageable student debt also gives students flexibility in choosing a career path, according to Doane President Jonathan Brand.
"We think that lower debt provides greater freedom for our students to pursue their passions," he said.
According to Dodson, the key to lower student debt is making sure students understand what they are borrowing.
"We emphasize the consequences and realizations of borrowing money today and how it affects tomorrow."
U.S.News & World Report based the rankings on loans taken out by students from colleges, private financial institutions, and federal, state and local governments. The complete list can be found at http://www.usnews.com/, under America's Best Colleges 2008.