by our College Data Analytics TeamHere you will find what students actually borrow to attend Carolina College of Biblical Studies: 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.
Looking at the entering class at Carolina College of Biblical Studies, 0% of first-year students take on loan debt.
Across the full undergraduate body at Carolina College of Biblical Studies (freshmen included), 31% take out federal student loans, at an average of $8,938 annually.
Borrowing at that rate every year works out to about $17,876 after two years and $35,752 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 31% |
| Average federal loan per year | $8,938 |
| Undergraduates with a federal loan | 38 |
| Total federal loans (one year) | $339,641 |
Graduating and withdrawing students at Carolina College of Biblical Studies carry a median federal debt of $17,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,500 |
| Students who completed (graduates) | $25,750 |
| Students who withdrew | $9,381 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Carolina College of Biblical Studies.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,500 |
| 75th percentile | $27,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Carolina College of Biblical Studies.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Carolina College of Biblical Studies.
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.
Worth Knowing
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.