by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Appalachian Bible College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Appalachian Bible College specifically, 21% of freshmen borrow to help pay for their first year, borrowing on average $4,536 each, across private and federal loan sources.
Federal loans alone average $4,536, or about 82.5% 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 Appalachian Bible College, freshmen included, 23% use federal student loans to help pay for their education, averaging $5,129 a year. This is 13.1% larger than the freshman federal average of $4,536.
Borrowing the same amount each year would add up to roughly $10,258 over two years and about $20,516 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 23% |
| Average federal loan per year | $5,129 |
| Undergraduates with a federal loan | 39 |
| Total federal loans (one year) | $200,032 |
The median student at Appalachian Bible College borrows $6,767 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,767 |
| Students who completed (graduates) | $11,000 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Appalachian Bible College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $18,250 |
The indicators below describe what the typical debt costs to pay back at Appalachian Bible College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Appalachian Bible College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.5% |
| Borrowers in the cohort | 44 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Middle income | $7,392 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,496 |
| Continuing-generation students | $5,709 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Appalachian Bible College.
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.
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.