by our College Data Analytics TeamThis page focuses on the debt students take on to attend Anderson University, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Anderson University Indiana, 68% of incoming students take out a loan to help cover first-year costs, averaging $8,115 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $5,116, representing 93.0% of the $5,500 first-year borrowing cap for the typical first-year dependent student. 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 Anderson University Indiana, freshmen included, 59% rely on federal student loans toward their education, for a typical $6,528 per year. This is 27.6% greater than the $5,116 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $13,056 by year two and around $26,112 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $6,528 |
| Undergraduates with a federal loan | 638 |
| Total federal loans (one year) | $4,165,062 |
The middle borrower at Anderson University Indiana owes $19,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,500 |
| Students who completed (graduates) | $27,000 |
| Students who withdrew | $8,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Anderson University Indiana.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,750 |
| 75th percentile | $28,302 |
| 90th percentile (highest-debt students) | $40,400 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Anderson University Indiana.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Anderson University Indiana.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 327 | $24,237 |
| Completed (graduates) | 183 | $29,048 |
| Did not complete | 144 | $19,040 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $345.41/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Anderson University Indiana.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 315 | — |
| No Stafford loan this year | 12 | — |
The indicators below describe what the typical debt costs to pay back at Anderson University Indiana.
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 Anderson University Indiana is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.8% |
| Borrowers in the cohort | 779 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,500 |
| Middle income | $19,063 |
| High income | $20,000 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,750 |
| Continuing-generation students | $20,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,430 |
| Independent students | $22,792 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Anderson University Indiana.
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?
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.