by our College Data Analytics TeamHere you will find what students actually borrow to attend Cedarville University, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Cedarville, 43% of incoming students take out a loan to help cover first-year costs, at roughly $8,113 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,171, which is 94.0% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at Cedarville, 43% take out federal student loans, for a typical $6,328 per year. That amounts to 22.4% higher than the freshman federal average of $5,171.
Carrying that yearly figure forward comes to roughly $12,656 over two years and about $25,312 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $6,328 |
| Undergraduates with a federal loan | 1,637 |
| Total federal loans (one year) | $10,358,137 |
The median student at Cedarville borrows $17,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,500 |
| Students who completed (graduates) | $20,937 |
| Students who withdrew | $8,250 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Cedarville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,065 |
| 25th percentile | $6,500 |
| 75th percentile | $26,317 |
| 90th percentile (highest-debt students) | $28,195 |
How wide this percentile range is tells you how much borrowing varies across students at Cedarville.
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 Cedarville.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 487 | $29,149 |
| Completed (graduates) | 306 | $37,422 |
| Did not complete | 181 | $20,819 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $444.99/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Cedarville.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 473 | — |
| No Stafford loan this year | 14 | — |
These figures turn the debt totals into a monthly repayment picture for Cedarville.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Cedarville is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0.7% |
| Borrowers in the cohort | 694 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $18,500 |
| High income | $17,250 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,266 |
| Continuing-generation students | $16,824 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,500 |
| Independent students | $19,700 |
Federal data publishes the following gap measures for Cedarville.
Subsidized and 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?
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.