by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Corban University: 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.
Among first-year students at Corban, 50% of new students use loans toward freshman-year expenses, with a typical loan of $8,130 each — a figure that counts both private and federal student loans.
Federal loans alone average $5,074, which is 92.3% of the typical first-year dependent student borrowing cap of $5,500. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Corban, 42% take out federal student loans, for a typical $6,669 in federal loans per year. It comes to 31.4% higher than the $5,074 freshmen take on.
Repeating that yearly amount projects to about $13,338 after two years and $26,676 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 42% |
| Average federal loan per year | $6,669 |
| Undergraduates with a federal loan | 316 |
| Total federal loans (one year) | $2,107,315 |
Graduating and withdrawing students at Corban carry a median federal debt of $17,951 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,951 |
| Students who completed (graduates) | $22,625 |
| Students who withdrew | $8,250 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Corban.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,552 |
| 25th percentile | $7,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,414 |
How wide this percentile range is tells you how much borrowing varies across students at Corban.
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 Corban.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 171 | $22,908 |
| Completed (graduates) | 79 | $23,793 |
| Did not complete | 92 | $22,539 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $282.92/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Corban.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 133 | $22,783 |
| No Stafford loan this year | 38 | $23,077 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Corban.
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 Corban follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.0% |
| Borrowers in the cohort | 320 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,000 |
| Middle income | $19,635 |
| High income | $16,750 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,475 |
| Continuing-generation students | $17,750 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,750 |
| Independent students | $20,002 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Corban.
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.
Important to Remember
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.