TL;DR

Graduates of Williams College carry the lightest debt relative to pay in EDsmart Data's analysis: median debt equals 8.3% of earnings 10 years after entry. At the typical bachelor's university, that figure is 34.5%.

Key Facts

  • #1: Williams College (8.3%)
  • Median bachelor's university: 34.5%
  • Universities evaluated: 1,198

Download the data

Download CSV Download JSON

Downloads reflect the processed dataset used on this page.

Universities with the lowest debt-to-earnings ratio

Low debt and high pay together

Our analysis finds the 50 lowest-burden universities all keep median debt under 16.1% of graduates' annual earnings.

— Evidence from EDsmart Data analysis

Bachelor's-predominant institutions with 1,000+ undergraduates.

Top 50 universities with the lowest debt-to-earnings ratio

Top 50 universities with the lowest debt-to-earnings ratio
Rank · UniversityStateTypeDebt as % of earningsMedian debtEarnings 10 yrs after entry
1. Williams CollegeMAPrivate nonprofit8.3%$8,000$95,954
2. Stanford UniversityCAPrivate nonprofit8.6%$10,750$125,340
3. Massachusetts Institute of TechnologyMAPrivate nonprofit9.2%$14,000$152,553
4. Princeton UniversityNJPrivate nonprofit9.3%$12,400$133,523
5. Yale UniversityCTPrivate nonprofit10.1%$11,982$118,356
6. Claremont McKenna CollegeCAPrivate nonprofit10.5%$13,450$127,532
7. Cornell UniversityNYPrivate nonprofit10.6%$12,000$113,531
8. Wellesley CollegeMAPrivate nonprofit10.8%$9,788$90,458
9. Duke UniversityNCPrivate nonprofit11.4%$13,000$113,937
10. Smith CollegeMAPrivate nonprofit11.4%$8,000$69,936
11. Berea CollegeKYPrivate nonprofit11.4%$5,500$48,071
12. Johns Hopkins UniversityMDPrivate nonprofit11.5%$12,000$104,590
13. University of ChicagoILPrivate nonprofit11.6%$12,000$103,872
14. Dartmouth CollegeNHPrivate nonprofit11.7%$13,000$111,162
15. University of Maine at Presque IsleMEPublic12.1%$5,714$47,161
16. Grinnell CollegeIAPrivate nonprofit12.1%$8,750$72,106
17. University of PennsylvaniaPAPrivate nonprofit12.3%$15,000$121,687
18. University of California-BerkeleyCAPublic12.4%$12,416$100,212
19. Bates CollegeMEPrivate nonprofit12.5%$12,250$98,373
20. Colgate UniversityNYPrivate nonprofit12.5%$12,000$96,328
21. Emory UniversityGAPrivate nonprofit12.8%$12,000$93,897
22. Texas Tech University Health Sciences CenterTXPublic12.8%$12,500$97,667
23. Babson CollegeMAPrivate nonprofit13.2%$18,293$138,950
24. Georgetown UniversityDCPrivate nonprofit13.3%$14,746$110,516
25. University of California-San DiegoCAPublic13.5%$13,000$96,197
26. Lafayette CollegePAPrivate nonprofit13.7%$14,000$102,336
27. University of California-DavisCAPublic13.8%$12,038$86,999
28. Amherst CollegeMAPrivate nonprofit13.9%$13,250$95,161
29. University of Puerto Rico-Rio PiedrasPRPublic14.1%$5,500$38,928
30. University of California-Santa BarbaraCAPublic14.3%$11,776$82,568
31. Rice UniversityTXPrivate nonprofit14.3%$13,000$90,773
32. Harvard UniversityMAPrivate nonprofit14.4%$17,559$121,957
33. University of Puerto RicoPRPublic14.6%$5,500$37,789
34. Brown UniversityRIPrivate nonprofit14.6%$14,567$99,974
35. University of North Carolina at Chapel HillNCPublic14.9%$12,086$81,094
36. CUNY Bernard M Baruch CollegeNYPublic14.9%$12,500$83,742
37. Vanderbilt UniversityTNPrivate nonprofit15.1%$15,000$99,080
38. Carnegie Mellon UniversityPAPrivate nonprofit15.2%$19,000$125,257
39. Barnard CollegeNYPrivate nonprofit15.3%$15,000$98,280
40. Brigham Young UniversityUTPrivate nonprofit15.3%$12,250$80,228
41. University of California-IrvineCAPublic15.4%$12,821$83,432
42. CUNY Queens CollegeNYPublic15.4%$10,500$68,324
43. University of California-Los AngelesCAPublic15.5%$13,750$88,581
44. University of Virginia-Main CampusVAPublic15.5%$15,000$96,468
45. University of Puerto Rico at PoncePRPublic15.6%$5,500$35,162
46. University of Puerto Rico-CarolinaPRPublic15.6%$5,500$35,146
47. University of Puerto Rico at CayeyPRPublic15.7%$5,500$35,022
48. CUNY John Jay College of Criminal JusticeNYPublic15.9%$10,500$65,870
49. University of Puerto Rico-HumacaoPRPublic16.0%$5,500$34,452
50. Scripps CollegeCAPrivate nonprofit16.1%$13,500$84,025

Median debt-to-earnings ratio by university type

What the data shows

Universities at the top of this list combine two things: generous need-based aid that keeps borrowing low, and graduates who land well-paid jobs. Several are elite privates with no-loan aid policies; others are public flagships with low in-state tuition.

The ratio uses completers' median federal debt and earnings of all federal-aid recipients 10 years after entry.

Methodology

Debt-to-earnings = Scorecard median federal debt of completers ÷ median earnings 10 years after entry, shown as a percentage. Bachelor's-predominant institutions with at least 1,000 undergraduates and both fields reported.

Frequently asked questions

Which university has the lowest debt-to-earnings ratio?

Williams College ranks first: median graduate debt is $8,000 against $95,954 in earnings 10 years after entry (8.3%), based on College Scorecard data.

What is a typical debt-to-earnings ratio for a university?

The median bachelor's university sits at 34.5%, meaning debt equals about 34% of one year's pay a decade after starting college.

Do public universities have lower debt-to-earnings?

Public universities have a median of 32.8%, versus 35.8% at private nonprofits and 67.0% at for-profits.

Data sources

  • U.S. Department of Education, College Scorecard institution and field-of-study files (latest release in our extract)