by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Daemen University: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Daemen College specifically, 75% of new students use loans toward freshman-year expenses, at roughly $7,792 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,408, or about 98.3% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Daemen College, freshmen included, 65% rely on federal student loans toward their education, with a mean of $6,833 annually. It comes to 26.3% above the $5,408 typical freshmen borrow.
Repeating that yearly amount projects to about $13,666 over two years and about $27,332 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $6,833 |
| Undergraduates with a federal loan | 1,142 |
| Total federal loans (one year) | $7,802,833 |
The middle borrower at Daemen College owes $15,041 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,041 |
| Students who completed (graduates) | $22,091 |
| Students who withdrew | $8,387 |
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 Daemen College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $7,000 |
| 75th percentile | $25,029 |
| 90th percentile (highest-debt students) | $29,249 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Daemen College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Daemen College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 257 | $14,311 |
| Completed (graduates) | 145 | $19,290 |
| Did not complete | 112 | $11,980 |
On a standard 10-year plan, the median completing borrower would pay about $229.38/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Daemen College.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 232 | $14,085 |
| No Stafford loan this year | 25 | $19,017 |
These figures turn the debt totals into a monthly repayment picture for Daemen College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Daemen College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.2% |
| Borrowers in the cohort | 757 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $15,750 |
| High income | $17,375 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $15,555 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,081 |
| Independent students | $12,500 |
Federal data publishes the following gap measures for Daemen College.
Subsidized vs. 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.