Where MBA Debt Looms Largest
| School | 2012 Debt | % With Debt | 2011 Debt | % Change |
| UPenn (Wharton) | $117,200* | 68% | $114,339 | +2.5% |
| Columbia | $114,800* | 69%* | $100,000 | +14.8% |
| New York (Stern) | $105,782 | 69%* | $89,040 | +18.8% |
| Virginia (Darden) | $105,490 | 65%* | $90,949 | +16.0% |
| Duke (Fuqua) | $102,054 | 72% | $96,805 | +5.4% |
| MIT (Sloan) | $100,212 | 77% | $86,688 | +15.6% |
| Michigan (Ross) | $95,720 | 66% | $93,602 | +2.3% |
| Cornell (Johnson) | $95,600 | 68%* | $90,194 | +6.0% |
| Yale | $95,235 | 70%* | $93,723 | +1.6% |
| Dartmouth (Tuck) | $94,512 | 70%* | $96,346 | -1.9% |
| Northwestern (Kellogg) | $88,740 | 68%* | $90,200 | -1.6% |
| Thunderbird | $88,195 | 41% | NA | —– |
| Carnegie (Tepper) | $88,156 | 57% | $83,388 | +5.7% |
| Pepperdine (Graziadio) | $85,672 | 56% | $66,111 | +29.6% |
| Vanderbilt (Owen) | $84,342 | 67% | $87,587 | -3.7% |
| UNC (Kenan-Flagler) | $82,784 | 70% | $82,747 | —– |
| Texas (McCombs) | $80,589 | 57% | $76,351 | +5.5% |
| Stanford | $79,049 | 70%* | $77,559 | +1.9% |
| Indiana (Kelley) | $76,685 | 78% | $67,562 | +13.5% |
| Chicago (Booth) | $72,959 | 68%* | $70,839 | +3.0 |
| UCLA (Anderson) | $71,995 | 65% | $73,417 | -1.9% |
| Harvard | $70,731 | 60% | $77,880 | -9.2% |
| Fordham | $69,637 | 87% | NA | —– |
| Washington (Olin) | $68,732 | 52% | $67,361 | +2.0% |
| DePaul (Kellstadt) | $64,074 | 56% | NA | —– |
| UC-Berkeley (Haas) | $63,652 | 49% | NA | —– |
| Emory (Goizueta) | $62,716 | 68% | $68,078 | -7.9% |
| Minnesota (Carlson) | $61,916 | 50% | $60,473 | +2.4% |
| Boston College (Carroll) | $61,400 | 70%* | NA | —– |
Source: Business schools reporting the average indebtedness of the 2012 and 2011 graduating classes to U.S. News & World Report
Notes: An asterisk indicates an estimate by Poets&Quants based on reporting. An earlier version of this story incorrectly noted Stanford’s average debt load because it was incorrectly reported to U.S. News by the school.
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