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Midwestern Colleges that Offer the Least Student Loan Assistance

March 29, 2019

Most every college and university in the United States provides need-based financial aid to students.  However, need-based financial aid can take several different forms, including grants, scholarships, work-study positions, and student loans.  While incurring student debt is the least desirable way to finance a college education, for many students taking on debt is unavoidable nonetheless.  As such, it is important for students and families to know which schools typically provide the most and least financial assistance in the form of student loans.


The tables below present the colleges in the Midwest that offer the least financial aid to students in the form of loans.  The first table presents the bottom ten schools by average student loan assistance in absolute dollars. The second table lists the bottom ten schools based on average student loan assistance as a percentage of the cost of attendance.  When considering the data herein, it is important to recognize that some schools offer lesser student loan assistance in terms of absolute dollars, while others offer loans of greater dollar values that nonetheless constitute a lesser percentage of the school’s cost of attendance.


The data for these tables was sourced from the Integrated Postsecondary Education Data System (IPEDS), a federal government-sponsored national database of higher education institutions, for the 2017-18 school year.  The underlying loans on which the data is based include subsidized and unsubsidized loans issued to incoming freshmen, but exclude PLUS loans issued to parents.


Midwestern Colleges that Offer the Least Student Loan Assistance

(in absolute $)

Institution Name

Location

Average Student Loan Assistance

Oberlin College

Ohio

$5,685

Peru State College

Nebraska

$5,601

Newman University

Kansas

$5,491

Wayne State College

Nebraska

$5,476

Chadron State College

Nebraska

$5,258

Carleton College

Minnesota

$4,737

Bellevue University

Nebraska

$4,645

Grinnell College

Iowa

$4,606

Tabor College

Kansas

$4,183

Iowa Wesleyan University

Iowa

$3,024


Midwestern Colleges that Offer the Least Student Loan Assistance

(as % of COA)

Institution Name

Location

Average Student Loan Assistance

Earlham College

Indiana

10.9%

St. Olaf College

Minnesota

10.8%

Northwestern University

Illinois

10.2%

University of Notre Dame

Indiana

9.9%

Kenyon College

Ohio

9.3%

Macalester College

Minnesota

9.1%

Iowa Wesleyan University

Iowa

8.5%

Oberlin College

Ohio

8.3%

Grinnell College

Iowa

7.3%

Carleton College

Minnesota

7.1%