by our College Data Analytics TeamHere you will find what students actually borrow to attend Centura College-Norfolk— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Centura College - Norfolk, 86% of incoming students take out a loan to help cover first-year costs, averaging $8,034 per borrower, covering both private and federal loans.
The typical federal loan comes to $8,034. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Centura College - Norfolk, 42% use federal student loans to help pay for their education, borrowing on average $7,648 annually. That is 4.8% under the freshman federal average of $8,034.
At a steady annual pace, that totals around $15,296 across two years and $30,592 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 42% |
| Average federal loan per year | $7,648 |
| Undergraduates with a federal loan | 82 |
| Total federal loans (one year) | $627,126 |
The middle borrower at Centura College - Norfolk owes $10,054 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,054 |
| Students who completed (graduates) | $14,750 |
| Students who withdrew | $4,750 |
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 Centura College - Norfolk.
| 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 - Norfolk.
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 - Norfolk.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 127 | $8,196 |
| Completed (graduates) | 79 | $10,000 |
| Did not complete | 48 | $6,200 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $118.91/mo.
Federal data lets us separate Stafford borrowers from the rest at Centura College - Norfolk.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 113 | — |
| No Stafford loan this year | 14 | — |
The indicators below describe what the typical debt costs to pay back at Centura College - Norfolk.
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 Centura College - Norfolk appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.1% |
| Borrowers in the cohort | 2554 |
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.
By Family Income
| 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 |
Dependent vs Independent Borrowers
| 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 - Norfolk.
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
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.