Shana Sureck—AP
By Christine DiGangi / Credit.com
November 26, 2014

Tuition at private colleges is often much more expensive than at public institutions, and debt levels among private- and public-school graduates have a similar gap: Of the 20 private and 20 public schools that produce graduates with high debt loads, the average debt loads differ by more than $8,000, according to a report from the Project on Student Debt.

The report, commissioned by The Institute for College Access & Success (TICAS), looks at student loan debt among bachelor’s degree earners in the class of 2013, and it shows the average debt for a 2013 graduate is $28,400, and 69% of students graduated with some debt. Schools report debt data on a voluntary basis, and most for-profit institutions didn’t submit information, so while the list of schools with high-debt graduates isn’t comprehensive, it gives a good idea of the education debt recent graduates struggle with.

Among the 20 public colleges whose 2013 graduates had high levels of student loan debt (which we covered recently), the average loan balance upon graduation was $36,388. The high-debt private schools produced grads with an average of $44,819 in education debt. Here’s a list of the private schools with the most indebted graduates.

20. Adrian College

Adrian, Mich.

Average debt among 2013 graduates: $41,763

19. College of Our Lady of the Elms

Chicopee, Mass.

Average debt: $41,813

18. Lawrence Technological University

Southfield, Mich.

Average debt: $42,044

17. Pacific Union College

Angwin, Calif.

Average debt: $42,153

16. Saint Anselm College

Manchester, N.H.

Average debt: $42,196

15. Wheelock College

Boston, Mass.

Average debt: $42,313

14. Curry College

Milton, Mass.

Average debt: $42,356

13. Utica College

Utica, N.Y.

Average debt: $42,528

12. Alvernia University

Reading, Pa.

Average debt: $42,552

11. Abilene Christian University

Abilene, Texas

Average debt: $42,585

10. Rose-Hulman Institute of Technology

Terre Haute, Ind.

Average debt: $42,967

9. The College of Saint Scholastica

Duluth, Minn.

Average debt: $43,113

8. Becker College

Worcester, Mass.

Average debt: $43,238

7. Rockford University

Rockford, Ill.

Average debt: $44,459

6. Quinnipiac University

Hamden, Conn.

Average debt: $44,552

5. LeTourneau University

Longview, Texas

Average debt: $44,584

4. Ringling College of Art and Design

Sarasota, Fla.

Average debt: $45,274

3. University of Hartford

Hartford, Conn.

Average debt: $45,778

2. Anna Maria College

Paxton, Mass.

Average debt: $48,750

1. University of the Sciences

Philadelphia, Pa.

Average debt: $71,370

Pennsylvania colleges had a strong showing on the public school list, as well as having two private colleges on this one, but Massachusetts leads the pack when it comes to a high concentration of indebted private school graduates. The exceptionally high debt load of University of the Sciences graduates could be tied to the fact that it produces pharmacists and other health professionals, who generally earn high incomes.

The list isn’t perfect: Not only does it exclude schools that didn’t report student debt to college guide Peterson’s, the source of the data used in the report, it also doesn’t include parent loans, debt of students who don’t graduate, debt of transfer students incurred at other institutions, and debt of graduate or professional school students. The reasons for high debt levels among certain schools’ graduates vary and can be difficult to pinpoint.

“There are many factors that affect student debt levels,” said Matthew Reed, program director at TICAS. He listed a few, including tuition and other costs, available grants and scholarships and student demographics. To get a better picture of institutions’ graduates’ debt burdens, it’s also important to look at the default rate.

Defaulting on student loans seriously damages the borrower’s credit, making it difficult to access other forms of credit, not to mention get general consumer services or rent an apartment. If the student loan servicer sues the borrower for the unpaid sum and wins, the borrower’s wages may be garnished, on top of the further credit damage incurred from having a judgment on your credit report. For students looking at colleges, it’s important to consider the success of institutions’ graduates and how much debt you’ll likely take on by attending the school, because it will significantly impact your future. To give you a better idea of how your student loans are impacting your credit scores, you can see your scores for free on Credit.com.

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This article originally appeared on Credit.com.

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