by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Methodist College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Methodist College, 100% of first-year students take on loan debt, averaging $5,500 each, across private and federal loan sources.
Federal loans alone average $5,500, which is 100.0% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at Methodist College, 82% use federal student loans to help pay for their education, averaging $10,433 per year. This is 89.7% greater than the $5,500 borrowed by freshmen.
At a steady annual pace, that totals around $20,866 in two years and roughly $41,732 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 82% |
| Average federal loan per year | $10,433 |
| Undergraduates with a federal loan | 305 |
| Total federal loans (one year) | $3,182,162 |
The median student at Methodist College borrows $27,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $27,000 |
| Students who completed (graduates) | $31,250 |
| Students who withdrew | $12,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Methodist College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $6,000 |
| 25th percentile | $14,750 |
| 75th percentile | $40,255 |
| 90th percentile (highest-debt students) | $47,000 |
How wide this percentile range is tells you how much borrowing varies across students at Methodist College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Methodist College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 100 | $20,595 |
| Completed (graduates) | 70 | $20,960 |
| Did not complete | 30 | $20,595 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $249.24/mo.
The indicators below describe what the typical debt costs to pay back at Methodist College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Methodist College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 99 |
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 | $29,000 |
| Middle income | $27,325 |
| High income | $24,257 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $26,250 |
| Continuing-generation students | $28,875 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $24,000 |
| Independent students | $30,931 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Methodist College.
Subsidized vs. 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
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.