by our College Data Analytics TeamThis page focuses on the debt students take on to attend Denmark College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Denmark College, 69% of freshmen borrow to help pay for their first year, for an average of $4,877 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $4,877, equal to roughly 88.7% of the typical first-year dependent student borrowing cap of $5,500. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Denmark College, 66% rely on federal student loans toward their education, with a mean of $4,509 annually. This is 7.5% lower than the $4,877 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $9,018 by year two and around $18,036 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $4,509 |
| Undergraduates with a federal loan | 173 |
| Total federal loans (one year) | $780,041 |
The median student at Denmark College borrows $5,991 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,991 |
| Students who completed (graduates) | $8,965 |
| Students who withdrew | $3,225 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Denmark College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,025 |
| 75th percentile | $12,018 |
| 90th percentile (highest-debt students) | $15,078 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Denmark College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Denmark College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 27 | $5,080 |
These figures turn the debt totals into a monthly repayment picture for Denmark College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Denmark College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.8% |
| Borrowers in the cohort | 107 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,667 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,097 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Denmark College.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.