by our College Data Analytics TeamHere you will find what students actually borrow to attend Bethel College-North Newton, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Bethel College - North Newton, 75% of incoming students take out a loan to help cover first-year costs, for an average of $6,687 per student, private and federal loans combined.
The average federal loan is $4,882, equal to roughly 88.8% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Bethel College - North Newton, 71% rely on federal student loans toward their education, averaging $6,154 annually. This is 26.1% greater than the freshman federal average of $4,882.
At a steady annual pace, that totals around $12,308 in two years and roughly $24,616 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 71% |
| Average federal loan per year | $6,154 |
| Undergraduates with a federal loan | 355 |
| Total federal loans (one year) | $2,184,837 |
Graduating and withdrawing students at Bethel College - North Newton carry a median federal debt of $12,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
| Students who completed (graduates) | $24,000 |
| Students who withdrew | $6,250 |
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 Bethel College - North Newton.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $6,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $31,000 |
How wide this percentile range is tells you how much borrowing varies across students at Bethel College - North Newton.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Bethel College - North Newton.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 95 | $20,473 |
| Completed (graduates) | 45 | $25,412 |
| Did not complete | 50 | $15,000 |
On a standard 10-year plan, the median completing borrower would pay about $302.18/mo.
These figures turn the debt totals into a monthly repayment picture for Bethel College - North Newton.
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 Bethel College - North Newton is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.6% |
| Borrowers in the cohort | 138 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $12,000 |
| High income | $12,803 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,053 |
| Independent students | $10,518 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Bethel College - North Newton.
Subsidized vs. 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.