Debt Burden At The Top 50 U.S. B-Schools: How Much Can You Expect To Owe For Your MBA?

2024 P&Q Rank	School	Average Indebtedness – 2023 (US News)	Average Indebtedness – 2022 (US News)	YOY Change	Percent of Class of 2023 Graduating With Debt (US News)	Percent of Class of 2022 Graduating With Debt (US News)	YOY Change
1	Stanford GSB	NA	NA	NA	38%	42%	-4
2	Harvard Business School	$99,395	$88,757	12.0%	56%	52%	+4
3	Dartmouth (Tuck)	NA	NA	NA	NA	NA	NA
4	Columbia Business School	NA	NA	NA	NA	NA	NA
5	Yale SOM	$121,225	$104,882	15.6%	41%	44%	-3
6	Duke (Fuqua)	$111,907	$105,084	6.5%	56%	56%	None
7	Cornell (Johnson)	NA	NA	NA	NA	NA	NA
8	Virginia (Darden)	NA	$114,043	NA	NA	53%	NA
9	Michigan (Ross)	NA	NA	NA	NA	NA	NA
10	New York (Stern)	NA	NA	NA	34%	45%	-11
11	Chicago (Booth)	NA	NA	NA	NA	NA	NA
12	Northwestern (Kellogg)	NA	NA	NA	NA	NA	NA
13	UCLA (Anderson)	NA	NA	NA	NA	NA	NA
14	MIT (Sloan)	NA	NA	NA	NA	NA	NA
15	UC-Berkeley (Haas)	$94,657	$110,102	-14.0%	57%	46%	+11
16	Carnegie Mellon (Tepper)	$99,521	$104,233	-4.5%	47%	51%	-4
17	Washington (Foster)	$48,777	$68,316	-28.6%	21%	36%	-15
18	Rice (Jones)	$72,098	$73,817	-2.3%	41%	53%	-12
19	Texas-Austin (McCombs)	NA	NA	NA	NA	NA	NA
20	North Carolina (Kenan-Flagler)	$101,350	$107,994	-6.2%	50%	65%	-15
21	Vanderbilt (Owen)	$92,137	$95,522	-3.5%	47%	48%	-1
22	Southern California (Marshall)	NA	NA	NA	NA	NA	NA
23	Emory (Goizueta)	$102,316	$95,094	7.6%	54%	59%	-5
24	Georgetown (McDonough)	NA	NA	NA	NA	NA	NA
25	Florida (Warrington)	$33,490	$27,376	22.3%	38%	27%	+11

Next page: Average debt and percentage of graduates who take on debt at the top U.S. B-schools, according to U.S. News, continued.