Graduates of small colleges average $38,000 in debt
Students enrolled in small, four-year liberal arts colleges in Massachusetts tend to graduate with significantly more loan debt than their counterparts at larger universities, according to a new nationwide study on student debt. Leading the pack in the Bay State was New England Conservatory of Music, which 2011 graduates left with an average of $45,418 in debt. Wheelock College graduates accrued the second highest average debt at $45,391. Comparatively, Harvard University graduates with loans that same year have a reported average debt of $11,780.