by our College Data Analytics TeamThis page focuses on the debt students take on to attend Central State University, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Central State University, 75% of incoming students take out a loan to help cover first-year costs, borrowing on average $6,196 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $6,108. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Central State University, freshmen included, 42% use federal student loans to help pay for their education, averaging $6,632 in federal loans per year. This is 8.6% larger than the $6,108 borrowed by freshmen.
Repeating that yearly amount projects to about $13,264 across two years and $26,528 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 | 42% |
| Average federal loan per year | $6,632 |
| Undergraduates with a federal loan | 1,428 |
| Total federal loans (one year) | $9,471,087 |
The median student at Central State University borrows $13,740 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,740 |
| Students who completed (graduates) | $30,739 |
| 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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Central State University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $31,000 |
| 90th percentile (highest-debt students) | $46,868 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Central State University.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Central State University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 661 | $10,505 |
| Completed (graduates) | 199 | $17,178 |
| Did not complete | 462 | $9,222 |
On a standard 10-year plan, the median completing borrower would pay about $204.26/mo.
Federal data lets us separate Stafford borrowers from the rest at Central State University.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 593 | $10,328 |
| No Stafford loan this year | 68 | $10,666 |
The indicators below describe what the typical debt costs to pay back at Central State University.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Central State University follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 19.0% |
| Borrowers in the cohort | 862 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $14,250 |
| High income | $18,340 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,000 |
| Continuing-generation students | $14,250 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,544 |
| Independent students | $13,877 |
Federal data publishes the following gap measures for Central State University.
The Difference Between Subsidized and 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.
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.