Parents who borrowed federal loans for their children to attend one of the 101 institutions featured in the analysis reported an average disbursement of $8,571 — for a single school year.
Unsurprisingly, 81 of the top 101 institutions ranked for the lowest parent borrowing rates were public colleges and universities, as private schools typically have higher price tags, leading to increased student borrowing overall.
Key Findings
Six colleges of the 1,348 we analyzed — three public and three private — registered zero Parent PLUS Loan borrowing Berea College in Kentucky, God's Bible School & College in Ohio, Highline and Yakima Valley Colleges in Washington, North American University in Texas and the U.S. Merchant Marine Academy in New York.
The majority (81) of colleges on our top 101 list are public schools.
Just 2% of students under 25 had parents borrow federal loans on their behalf to attend one of the top 101 schools.
Despite lower rates of borrowing, parents who took on debt for one of the top 101 schools still received substantial loans They averaged a 2017-2018 disbursement of $8,571.
The Top 20 U.S. Colleges With The Lowest Rates of Parent Borrowing
Berea College, Berea, KY
God's Bible School and College, Cincinnati, Ohio
Highline College, Des Moines, WA
North American University, Stafford, TX
United States Merchant Marine Academy, Kings Point, NY
Yakima Valley College, Yakima, WA
Bellevue College, Bellevue, WA
CUNY York College, Queens, NY
Wenatchee Valley College, Wenatchee, WA
Green River College, Auburn, WA
CUNY New York City College of Technology, Brooklyn, NY
Spokane Falls Community College, Spokane, WA
Clark College, Vancouver, WA
Columbia Basin College, Pasco, WA
Snow College, Ephraim, UT
The University of Texas Rio Grande Valley, Edinburg, TX
Bismarck State College, Bismarck, ND
Whatcom Community College, Bellingham, WA
Westcliff University, Irvine, CA
Valley City State University, Valley City, ND
To view the full report, visit https//studentloanhero.com/featured/101-colleges-where-parents-borrow-less/
CHARLOTTE, N.C
With 3.6 million parent borrowers collectively owing the federal government USD 96.1 billion in Parent PLUS Loans, online student debt platform Student Loan Hero, released its latest report highlighting the top 101 U.S. colleges and universities where parents generally borrow less.
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