Tabor College has been nationally recognized by LendEDU for having one of the lowest student loan debt figures at No. 190 in the country. The debt figures include all types of student loans, including private loans. Within Kansas, Tabor ranks No. 5 for the Class of 2019, as reported through data collected from Peterson’s LLC from participating institutions.
Director of Financial Aid Sadonia Lane noted that this outcome didn’t just happen on its own.
“We’re committed to making sure our students understand the ins and outs of student loans so that they make informed borrowing decisions,” Lane said. “Furthermore, our Tabor Advantage program offers students the opportunity to complete their degree in a shorter period of time meaning less money borrowed for their education overall. This is just another way we can assist our students to be real-world ready and ease the burden of repayment.”
Tabor’s average debt per student was $27,126 in the past year. Nationally, the average borrower left campus with $29,076 in student loan debt, an increase from the $28,565 owed by the average borrower from the Class of 2018.
“A Christ-centered, excellent educational experience is hard to put a price tag on, but we are gratified that our students tend to graduate with less debt than is considered average,” said Rusty Allen, executive vice president of operations. “We believe the debt is an investment that pays off in the value it brings for a lifetime of learning, work and service for Christ and his kingdom.”
Additionally, only 40 percent of 2019 graduates from Tabor had school loans compared to an average of 64 percent at all Kansas colleges and universities who participated in the study.
“Tabor is committed to providing a quality education at an affordable price,” President Jules Glanzer said. “Keeping the student debt low is an important part of serving our students with excellence.”