Student loan debt continues to weigh heavily on many families’ minds, but New College of Florida is continually proving to be one of the best budget-friendly options available.
This year, New College ranked No. 73 nationally and No. 3 in Florida in LendEDU’s Fifth Annual College Risk-Reward Indicator Study. The nationwide study analyzes four-year colleges and universities to find those that provide the best return on investments for students.
“For New College of Florida, specifically, it seems that the low average student loan debt numbers are really driving the great ranking. The College actually has the lowest average student loan debt per graduate of all the Florida schools that were included in the study,” said Dave Rathmanner, vice president of content for LendEDU, an online marketplace for financial products such as student loans. “This, paired with a competitive early career pay number, landed New College in the top 100 for this year.”
To create the rankings, LendEDU factored in the average early career pay and student loan debt at graduation. Schools had to be included in two datasets: Peterson’s Financial Aid Dataset and PayScale Salary Reports. The methodology section of the study goes into detail about how the schools were chosen and what exactly went into the rankings.