by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Word of Life Bible Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Word of Life Bible Institute, 42% of incoming undergraduates borrow in year one, at roughly $5,967 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $6,006. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Word of Life Bible Institute, freshmen included, 43% take out federal student loans, borrowing on average $6,057 in federal loans per year. That amounts to 0.8% greater than the $6,006 freshmen take on.
Borrowing the same amount each year would add up to roughly $12,114 after two years and $24,228 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $6,057 |
| Undergraduates with a federal loan | 234 |
| Total federal loans (one year) | $1,417,268 |
Graduating and withdrawing students at Word of Life Bible Institute carry a median federal debt of $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Word of Life Bible Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $12,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Word of Life Bible Institute.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Word of Life Bible Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 45 | $7,814 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Word of Life Bible Institute.
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 Word of Life Bible Institute is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.7% |
| Borrowers in the cohort | 238 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Word of Life Bible Institute.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Did You Know?
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.