Fact sheet: Student debt at Purdue University

Students on the Purdue University campus.
June 30, 2023 Purdue News
  • Earning to Debt Ratio (EDR): 6.02 [ $68,470/$11,373 ]
    • 2022 Purdue graduates reported earning an average of $68,470 in their first year of working upon graduation (based on student self-reporting), up from $62,452 in 2021.
    • The average debt per 2022 Purdue graduate was $11,373. This means, on average, that it takes two months of (pre-tax) earning of a Purdue graduate’s first-year salary to fully pay off the total student debt upon receiving a degree.
  • Loan Service Percentage (LSP): 62% debt free + 99%*38% = 99.6%
    • 62% of 2022 Purdue graduates graduated debt-free.
    • More than 99% of Purdue students who borrowed are successfully paying back their loans, based on most recent figures available. 
  • With the base undergraduate tuition rate for Indiana residents remaining at $9,992 per year and $28,794 for out-of-state students, one-year loan borrowing per undergraduate has decreased by 40% since 2012. 
  • Purdue’s bold moves and relentless innovations have saved students and their families over $150 million per year for a cumulative total of over $1.3 billion in savings since the 2012-13 academic year.

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