On average, students at New Jersey’s four-year colleges owed $28,109 in student loans when they graduated in 2013, according to the Institute for College Access and Success. About 70 percent of those earning bachelor’s degrees owed money from student loans.
Surprisingly, the four-year institution with the lowest amount of debt was Princeton University. Only 24 percent of its graduates that year had student loans, and the average was $5,552.
Students with the highest amount of debt went to Georgian Court University in Lakewood, a private Catholic institution, with $37,499 in debt and 87 percent of graduates with loans. Next highest was Rider University in Lawrenceville, with $34,837 in debt and 82 percent of graduates carrying loans.