by our College Data Analytics TeamThis page focuses on the debt students take on to attend Benedictine College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Benedictine College, 68% of first-year students take on loan debt, at roughly $7,332 per borrower, covering both private and federal loans.
On the federal side, the average loan is $5,132, or about 93.3% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Benedictine College, 52% borrow through federal student loan programs, averaging $6,264 annually. It comes to 22.1% above the $5,132 freshmen take on.
Borrowing the same amount each year would add up to roughly $12,528 after two years and $25,056 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 52% |
| Average federal loan per year | $6,264 |
| Undergraduates with a federal loan | 1,173 |
| Total federal loans (one year) | $7,347,628 |
Graduating and withdrawing students at Benedictine College carry a median federal debt of $18,570 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $18,570 |
| Students who completed (graduates) | $24,599 |
| 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 Benedictine College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $7,500 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $34,750 |
How wide this percentile range is tells you how much borrowing varies across students at Benedictine 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 Benedictine College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 376 | $27,408 |
| Completed (graduates) | 201 | $41,904 |
| Did not complete | 175 | $17,916 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $498.28/mo.
These figures turn the debt totals into a monthly repayment picture for Benedictine College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Benedictine College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.2% |
| Borrowers in the cohort | 398 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $17,136 |
| Middle income | $19,000 |
| High income | $18,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,570 |
| Continuing-generation students | $18,558 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $21,763 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Benedictine College.
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.
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.