by our College Data Analytics TeamHere you will find what students actually borrow to attend Calvary University: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Calvary, 29% of freshmen borrow to help pay for their first year, averaging $8,246 per borrower, covering both private and federal loans.
The average federal loan is $7,071. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Calvary, 28% use federal student loans to help pay for their education, averaging $7,676 annually. That is 8.6% greater than the first-year federal average of $7,071.
Carrying that yearly figure forward comes to roughly $15,352 after two years and $30,704 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 28% |
| Average federal loan per year | $7,676 |
| Undergraduates with a federal loan | 47 |
| Total federal loans (one year) | $360,751 |
The median student at Calvary borrows $12,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,500 |
| Students who completed (graduates) | $20,839 |
| Students who withdrew | $7,250 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Calvary.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $21,321 |
| 90th percentile (highest-debt students) | $35,948 |
How wide this percentile range is tells you how much borrowing varies across students at Calvary.
These figures turn the debt totals into a monthly repayment picture for Calvary.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Calvary follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.8% |
| Borrowers in the cohort | 77 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,927 |
| Middle income | $11,806 |
| High income | $18,625 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,893 |
| Continuing-generation students | $11,843 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,738 |
| Independent students | $19,962 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Calvary.
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.
Did You Know?
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.