Student Financial Services

Managing Finances

Student borrowing and debt is a concern to us at USM. Although many student loan programs are available to assist you in meeting your college expenses, we anticipate that you will make educated decisions about how much you borrow. The following are average debt levels at graduation for our 2018 graduates:

Average Undergraduate debt: $26,700

Average Graduate debt: $38,707

The average indebtedness figures listed here represent average loan debt for all students who borrowed and graduated in the past year.  All students who graduated includes both students who first enrolled at USM as first time college students and as transfer students.  The loan debt includes all debt carried by the student and thus includes debt acquired at prior institutions in cases where students transferred to USM. 

These figures differ from those listed in several National publications and with the Project on Student debt.  The lists average indebtedness only for those students who graduated after enrolling at USM as first time students.  Thus, transfer students are not reflected in this calculation.  You may visit for further comparison. 


The links that follow will provide valuable resources in assisting you with managing of your expenses and overall debt should you choose to borrow.

  • iGrad- with iGrad, you can:
             - Source a scholarship, internship, or job
             - Get help with student loans
             - Snag money-saving deals
             - Take control of your money