by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Rosedale Bible College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at Rosedale Bible College, 11% of freshmen borrow to help pay for their first year, averaging $5,488 per borrower, covering both private and federal loans.
The average federally funded loan is $5,488, or about 99.8% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Rosedale Bible College, 13% take out federal student loans, averaging $5,893 per year. That is 7.4% larger than the $5,488 borrowed by freshmen.
At a steady annual pace, that totals around $11,786 over two years and about $23,572 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 13% |
| Average federal loan per year | $5,893 |
| Undergraduates with a federal loan | 11 |
| Total federal loans (one year) | $64,827 |
The middle borrower at Rosedale Bible College owes $4,142 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,142 |
The indicators below describe what the typical debt costs to pay back at Rosedale Bible College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Rosedale Bible College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.7% |
| Borrowers in the cohort | 18 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.