by our College Data Analytics TeamThis page focuses on the debt students take on to attend Central Baptist College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At CBC, 59% of first-year students take on loan debt, averaging $5,154 each — a figure that counts both private and federal student loans.
The average federal loan is $5,056, equal to roughly 91.9% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at CBC, 54% borrow through federal student loan programs, with a mean of $6,741 each per year. That amounts to 33.3% above the $5,056 borrowed by freshmen.
At a steady annual pace, that totals around $13,482 over two years and about $26,964 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $6,741 |
| Undergraduates with a federal loan | 257 |
| Total federal loans (one year) | $1,732,523 |
Graduating and withdrawing students at CBC carry a median federal debt of $12,876 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,876 |
| Students who completed (graduates) | $22,250 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for CBC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,652 |
| 75th percentile | $25,325 |
| 90th percentile (highest-debt students) | $36,250 |
How wide this percentile range is tells you how much borrowing varies across students at CBC.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at CBC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 145 | $11,920 |
| Completed (graduates) | 45 | $14,764 |
| Did not complete | 100 | $11,356 |
On a standard 10-year plan, the median completing borrower would pay about $175.56/mo.
The indicators below describe what the typical debt costs to pay back at CBC.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for CBC appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.9% |
| Borrowers in the cohort | 179 |
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 | $13,382 |
| Middle income | $12,000 |
| High income | $14,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $14,751 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,200 |
| Independent students | $18,750 |
Federal data publishes the following gap measures for CBC.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.