by our College Data Analytics TeamThis page focuses on the debt students take on to attend Anderson University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Anderson University South Carolina, 51% of incoming students take out a loan to help cover first-year costs, with a typical loan of $8,859 each, across private and federal loan sources.
On the federal side, the average loan is $5,363, amounting to 97.5% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Anderson University South Carolina, freshmen included, 47% use federal student loans to help pay for their education, for a typical $6,459 a year. That is 20.4% above the first-year federal average of $5,363.
At a steady annual pace, that totals around $12,918 across two years and $25,836 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 | 47% |
| Average federal loan per year | $6,459 |
| Undergraduates with a federal loan | 1,433 |
| Total federal loans (one year) | $9,255,106 |
The middle borrower at Anderson University South Carolina owes $22,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $22,000 |
| Students who completed (graduates) | $26,700 |
| 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 South Carolina.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,104 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $36,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Anderson University South Carolina.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Anderson University South Carolina.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 402 | $20,655 |
| Completed (graduates) | 279 | $22,081 |
| Did not complete | 123 | $17,188 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $262.57/mo.
Federal data lets us separate Stafford borrowers from the rest at Anderson University South Carolina.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 366 | $21,035 |
| No Stafford loan this year | 36 | $13,440 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Anderson University South Carolina.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Anderson University South Carolina is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.5% |
| Borrowers in the cohort | 552 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $22,219 |
| Middle income | $22,000 |
| High income | $21,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,718 |
| Continuing-generation students | $22,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $22,250 |
| Independent students | $18,818 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Anderson University South Carolina.
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Important to Remember
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.