by our College Data Analytics TeamHere you will find what students actually borrow to attend Belmont College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Belmont College, 15% of new students use loans toward freshman-year expenses, borrowing on average $3,752 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $3,752, amounting to 68.2% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Belmont College, 25% rely on federal student loans toward their education, with a mean of $4,959 each per year. It comes to 32.2% greater than the $3,752 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $9,918 in two years and roughly $19,836 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 25% |
| Average federal loan per year | $4,959 |
| Undergraduates with a federal loan | 120 |
| Total federal loans (one year) | $595,030 |
The median student at Belmont College borrows $5,322 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,322 |
| Students who completed (graduates) | $8,747 |
| Students who withdrew | $4,300 |
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 Belmont College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,309 |
| 25th percentile | $2,478 |
| 75th percentile | $11,800 |
| 90th percentile (highest-debt students) | $17,331 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Belmont College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Belmont College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 45 | $9,001 |
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Belmont College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 24 | $9,000 |
| No Stafford loan this year | 21 | $9,171 |
The indicators below describe what the typical debt costs to pay back at Belmont College.
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 Belmont College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.9% |
| Borrowers in the cohort | 819 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $5,450 |
| Middle income | $5,500 |
| High income | $4,410 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,459 |
| Continuing-generation students | $4,202 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,715 |
| Independent students | $8,163 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Belmont College.
The Difference Between 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?
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.