Fact sheet: Student debt at Purdue University
- 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.
More Purdue News
Purdue Research Foundation names Mark Lewis as first-ever chief national security officer
July 10, 2026
Purdue Brand Studio named Team of the Year at Ragan’s PR Daily Awards
July 8, 2026
Boilermaker community honors departing President Chiang, family at farewell reception
June 30, 2026
Purdue’s new graduate certificate prepares professionals for success in growing drone industry
June 15, 2026