by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Beal University, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Beal College, 84% of incoming undergraduates borrow in year one, borrowing on average $8,666 each — a figure that counts both private and federal student loans.
The average federal loan is $8,504. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Beal College, 66% borrow through federal student loan programs, with a mean of $8,662 each per year. This works out to 1.9% greater than the $8,504 freshmen take on.
Repeating that yearly amount projects to about $17,324 over two years and about $34,648 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $8,662 |
| Undergraduates with a federal loan | 442 |
| Total federal loans (one year) | $3,828,527 |
The median student at Beal College borrows $11,261 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,261 |
| Students who completed (graduates) | $19,500 |
| Students who withdrew | $7,681 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Beal College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,832 |
| 25th percentile | $3,514 |
| 75th percentile | $15,232 |
| 90th percentile (highest-debt students) | $18,843 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Beal College.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Beal College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 42 | $7,480 |
| Completed (graduates) | 22 | $9,221 |
| Did not complete | 20 | $5,943 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $109.65/mo.
The indicators below describe what the typical debt costs to pay back at Beal College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Beal College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.5% |
| Borrowers in the cohort | 251 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $11,298 |
| Middle income | $11,473 |
| High income | $9,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,111 |
| Continuing-generation students | $11,631 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,776 |
| Independent students | $12,066 |
Federal data publishes the following gap measures for Beal College.
The Difference Between 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
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.