by our College Data Analytics TeamThis page focuses on the debt students take on to attend Mission University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At Baptist Bible College specifically, 85% of new students use loans toward freshman-year expenses, with a typical loan of $4,407 per borrower, covering both private and federal loans.
The average federally funded loan is $3,249, representing 59.1% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at Baptist Bible College (freshmen included), 68% rely on federal student loans toward their education, with a mean of $6,559 annually. This is 101.9% larger than the first-year federal average of $3,249.
Repeating that yearly amount projects to about $13,118 in two years and roughly $26,236 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $6,559 |
| Undergraduates with a federal loan | 232 |
| Total federal loans (one year) | $1,521,617 |
The middle borrower at Baptist Bible College owes $16,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,000 |
| Students who completed (graduates) | $26,168 |
| Students who withdrew | $7,625 |
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 Baptist Bible College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $22,915 |
| 90th percentile (highest-debt students) | $31,100 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Baptist Bible College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Baptist Bible College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 42 | $14,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Baptist 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 Baptist Bible College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.4% |
| Borrowers in the cohort | 171 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,000 |
| Middle income | $13,500 |
| High income | $20,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,500 |
| Continuing-generation students | $17,475 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,750 |
| Independent students | $10,455 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Baptist 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.
Important to Remember
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.