by our College Data Analytics TeamHere you will find what students actually borrow to attend Carolina Christian College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Carolina Christian College, 60% of first-year students take on loan debt, at roughly $7,333 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $7,333. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Carolina Christian College, freshmen included, 63% rely on federal student loans toward their education, averaging $8,441 in federal loans per year. It comes to 15.1% more than the $7,333 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $16,882 by year two and around $33,764 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 | 63% |
| Average federal loan per year | $8,441 |
| Undergraduates with a federal loan | 34 |
| Total federal loans (one year) | $287,000 |
Graduating and withdrawing students at Carolina Christian College carry a median federal debt of $10,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,000 |
| Students who withdrew | $7,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The indicators below describe what the typical debt costs to pay back at Carolina Christian 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 Carolina Christian College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 22.5% |
| Borrowers in the cohort | 14 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $15,250 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Carolina Christian College.
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.