How much debt will I have to take on to pay for Concordia University, Ann Arbor, and how easily will I pay it off? Keep scrolling down the page for answers.
Included in This Report:
- Average Loans for Freshman
- Average Undergraduate Loans
- Default Rate at Concordia University, Ann Arbor
- Frequently Asked Questions
- Additonal Information
Freshmen At Concordia University, Ann Arbor Take Out an Average of $1,626 in Loans in Their First Year
At Concordia University, Ann Arbor, 80.0% of incoming students take out a loan to help defray freshman year costs, averaging $1,626 a piece. This amount includes both private and federally-funded student loans.
The average federal loan is $1,085, which is 19.7% of the first-year borrowing cap of $5,500* for the typical first-year dependent student.
Unlike the data shown for freshmen, average undergraduate student loan amounts do not include private loans. In addition to unreported parent loans, this can increase the average amount borrowed significantly.