LMU Recognized Nationally for Low Student Debt
For the fifth consecutive year, LendEDU has released a Student Loan Debt by School by State Report, offering an in-depth analysis of the most recent student loan debt figures at hundreds of colleges and universities across the United States. Lincoln Memorial University (LMU) was recognized for having the lowest average debt per borrower in the state of Tennessee for the Class of 2019.
Schools were ranked from lowest (best) to highest (worst) based on their average debt per borrower figure for the Class of 2019. LMU’s average student debt per borrower figure was $22,290. In addition to topping the Tennessee list, that figure ranks LMU No. 68 in the country.
“This recognition affirms Lincoln Memorial University’s goals of providing students with a high-quality education with a low debt load,” said Dr. Jody Goins, vice president and dean of enrollment and student affairs. “Often students think private school equals more debt. What they may not recognize is that LMU’s robust institutional aid and donor-funded scholarships combine with state and national aid programs, driving the cost down.”
The topic of student loan debt and rising cost of college in the United States is more important than it has ever been before. Not only has outstanding student loan debt ballooned to $1.67 trillion, but the coronavirus pandemic has students and parents weighing the true value of higher education and the financial burden of student loan debt that usually comes with earning a degree. Another LendEDU study ranked LMU as the fifth best risk-reward college in the state of Tennessee in 2019. Additionally, Money named LMU one of its Best Colleges in America, ranked by value.
The full study can be found here: https://lendedu.com/student-loan-debt-by-school-by-state-2020/.
LendEDU is a marketplace for private student loans, student loan refinancing, credit cards and personal loans, with a goal to create transparency in these markets to help consumers make educated decisions. The company has created hundreds of original guides, tools and resources designed to help students and graduates make tough financial decisions.
Lincoln Memorial University is a values-based learning community dedicated to providing educational experiences in the liberal arts and professional studies. The main campus is located in Harrogate, Tennessee. For more information about the undergraduate and graduate programs available at LMU, contact the Office of Admissions at 423-869-6280 or e-mail at [email protected].