Student loans are the largest sector of nonhousing debt in the U.S., according to Kiplinger, the Washington, DC–based publisher of business forecasts and personal finance advice, which this summer released its analysis of “Colleges with Lowest Average Graduating Debt, 2019.”
With Baruch’s reputation for quality and value, the College features prominently in Kiplinger’s rankings, which showcase institutions that “do a better job of keeping debt in check than others.”
Baruch earned two Top 10 slots for lowest average U.S. student debt: #1 among public universities and #4 among public and private universities. In its review of Baruch, Kiplinger added this fact: the number of Baruch students who borrow is “the lowest ratio of any school on this list.” Kudos were also offered for the College’s prime New York City location and the variety of programs available, including 30 majors and 60 minors at the undergraduate level. “It’s estimated that in 2019 the total student loan debt in the U.S. is $1.6 trillion and growing,” says Baruch College President Mitchel B. Wallerstein, PhD. “Graduating with low to no debt gives Baruch graduates freedom—to consider graduate school, to start a business, to save for a home or retirement—so many possibilities. This aspect of a Baruch education is key to the College’s growing national reputation as an engine of social and economic mobility for our students.”
This year, among such media outlets as Forbes, Money, U.S. News & World Report, the Princeton Review, Washington Monthly, CollegeNET, and CNBC, Baruch has been recognized for academic excellence, value, and return on investment.