More than half of UW undergrads graduate with no debt
Average debt for graduates falls to $28,255
MADISON, Wis. — More than half of undergraduates at the University of Wisconsin-Madison graduated with no debt in 2015-16, the university said in a news release.
Figures from the university’s financial aid office showed 53.4 percent of undergraduates had no debt upon graduation, a 3 percent increase from 2014-15.
Average student loan debt also fell from $28,768 to $28,255 in 2016, below the 2015 national average of $30,100 and state average of $29,640, the release said.
Average debt also decreased for students who borrowed money to pursue graduate, law and medical degrees, but increased for pharmacy and veterinary medicine students, the university said.
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