by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Cox College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Looking at the entering class at Cox College, 0% of new students use loans toward freshman-year expenses.
Among all degree-seeking undergrads at Cox College, 58% finance part of their studies with federal loans, at an average of $7,291 a year.
Borrowing the same amount each year would add up to roughly $14,582 by year two and around $29,164 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $7,291 |
| Undergraduates with a federal loan | 367 |
| Total federal loans (one year) | $2,675,813 |
The middle borrower at Cox College owes $18,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $18,000 |
| Students who completed (graduates) | $20,000 |
| 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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Cox College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,250 |
| 25th percentile | $9,000 |
| 75th percentile | $25,250 |
| 90th percentile (highest-debt students) | $36,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Cox College.
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 Cox College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 111 | $13,812 |
| Completed (graduates) | 87 | $12,490 |
| Did not complete | 24 | $14,954 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $148.52/mo.
Federal data lets us separate Stafford borrowers from the rest at Cox College.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 97 | — |
| No Stafford loan this year | 14 | — |
These figures turn the debt totals into a monthly repayment picture for Cox College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Cox College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.4% |
| Borrowers in the cohort | 217 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,750 |
| Middle income | $18,240 |
| High income | $17,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,375 |
| Continuing-generation students | $15,250 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,007 |
| Independent students | $19,958 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Cox College.
The Difference Between 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.
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.