by our College Data Analytics TeamThis page focuses on the debt students take on to attend Centura College-Chesapeake: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At Centura College - Chesapeake specifically, 81% of incoming undergraduates borrow in year one, for an average of $8,068 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $8,068. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Centura College - Chesapeake (freshmen included), 38% finance part of their studies with federal loans, borrowing on average $8,498 in federal loans per year. It comes to 5.3% larger than the $8,068 borrowed by freshmen.
At a steady annual pace, that totals around $16,996 across two years and $33,992 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 38% |
| Average federal loan per year | $8,498 |
| Undergraduates with a federal loan | 85 |
| Total federal loans (one year) | $722,345 |
The middle borrower at Centura College - Chesapeake owes $10,054 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,054 |
| Students who completed (graduates) | $14,750 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Centura College - Chesapeake.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,708 |
| 25th percentile | $6,198 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $24,594 |
How wide this percentile range is tells you how much borrowing varies across students at Centura College - Chesapeake.
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 Centura College - Chesapeake.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 127 | $8,196 |
| Completed (graduates) | 79 | $10,000 |
| Did not complete | 48 | $6,200 |
On a standard 10-year plan, the median completing borrower would pay about $118.91/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Centura College - Chesapeake.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 113 | — |
| No Stafford loan this year | 14 | — |
These figures turn the debt totals into a monthly repayment picture for Centura College - Chesapeake.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Centura College - Chesapeake follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.1% |
| Borrowers in the cohort | 2554 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,040 |
| Middle income | $11,125 |
| High income | $8,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,213 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $11,875 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Centura College - Chesapeake.
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.
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.