{"id":3158,"date":"2023-06-30T13:28:00","date_gmt":"2023-06-30T13:28:00","guid":{"rendered":"https:\/\/new.www.purdue.edu\/newsroom\/?p=3158"},"modified":"2024-06-20T13:29:34","modified_gmt":"2024-06-20T13:29:34","slug":"fact-sheet-student-debt-at-purdue-university","status":"publish","type":"post","link":"https:\/\/www.purdue.edu\/newsroom\/2023\/Q2\/fact-sheet-student-debt-at-purdue-university","title":{"rendered":"Fact sheet: Student debt at Purdue University"},"content":{"rendered":"\n<ul class=\"wp-block-list\">\n<li><strong>Earning to Debt Ratio (EDR): 6.02<\/strong>\u00a0[ $68,470\/$11,373 ]\n<ul class=\"wp-block-list\">\n<li>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.<\/li>\n\n\n\n<li>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\u2019s first-year salary to fully pay off the total student debt upon receiving a degree.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Loan Service Percentage (LSP)<\/strong>: 62% debt free + 99%*38% = 99.6%\n<ul class=\"wp-block-list\">\n<li>62% of 2022 Purdue graduates graduated debt-free.<\/li>\n\n\n\n<li>More than 99% of Purdue students who borrowed are successfully paying back their loans, based on most recent figures available.\u00a0<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>With the base undergraduate tuition rate for Indiana residents remaining at $9,992 per year and $28,794 for out-of-state students,\u00a0one-year loan borrowing per undergraduate has decreased by 40% since 2012.\u00a0<\/li>\n\n\n\n<li>Purdue\u2019s 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.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[19],"tags":[],"department":[],"source":[29],"purdue_today_topic":[],"coauthors":[10],"class_list":["post-3158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","source-purdue-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts\/3158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/comments?post=3158"}],"version-history":[{"count":1,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts\/3158\/revisions"}],"predecessor-version":[{"id":3159,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/posts\/3158\/revisions\/3159"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/media\/262"}],"wp:attachment":[{"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/media?parent=3158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/categories?post=3158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/tags?post=3158"},{"taxonomy":"department","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/department?post=3158"},{"taxonomy":"source","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/source?post=3158"},{"taxonomy":"purdue_today_topic","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/purdue_today_topic?post=3158"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.purdue.edu\/newsroom\/wp-json\/wp\/v2\/coauthors?post=3158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}