by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Crown College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
For incoming students at Crown, 77% of new students use loans toward freshman-year expenses, borrowing on average $9,155 per student, private and federal loans combined.
On the federal side, the average loan is $5,372, representing 97.7% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Crown, 68% borrow through federal student loan programs, with a mean of $6,604 each per year. It comes to 22.9% greater than the first-year federal average of $5,372.
Borrowing the same amount each year would add up to roughly $13,208 in two years and roughly $26,416 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $6,604 |
| Undergraduates with a federal loan | 535 |
| Total federal loans (one year) | $3,533,145 |
Graduating and withdrawing students at Crown carry a median federal debt of $15,225 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,225 |
| Students who completed (graduates) | $22,500 |
| Students who withdrew | $7,709 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Crown.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $6,250 |
| 75th percentile | $27,818 |
| 90th percentile (highest-debt students) | $37,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Crown.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Crown.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 128 | $14,327 |
| Completed (graduates) | 77 | $17,533 |
| Did not complete | 51 | $10,000 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $208.49/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Crown.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 104 | $14,999 |
| No Stafford loan this year | 24 | $12,095 |
These figures turn the debt totals into a monthly repayment picture for Crown.
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 Crown is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.1% |
| Borrowers in the cohort | 358 |
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 | $12,500 |
| Middle income | $16,316 |
| High income | $15,625 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,638 |
| Continuing-generation students | $17,625 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $15,349 |
Federal data publishes the following gap measures for Crown.
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
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.