by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Davis 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.
At Davis College specifically, 10% of incoming students take out a loan to help cover first-year costs, borrowing on average $11,671 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $11,671. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Davis College (freshmen included), 53% borrow through federal student loan programs, borrowing on average $7,959 in federal loans per year. This works out to 31.8% lower than the $11,671 borrowed by freshmen.
Borrowing at that rate every year works out to about $15,918 after two years and $31,836 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 53% |
| Average federal loan per year | $7,959 |
| Undergraduates with a federal loan | 50 |
| Total federal loans (one year) | $397,959 |
The median student at Davis College borrows $11,996 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,996 |
| Students who completed (graduates) | $21,277 |
| Students who withdrew | $6,334 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Davis College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,167 |
| 75th percentile | $26,750 |
| 90th percentile (highest-debt students) | $35,333 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Davis College.
The indicators below describe what the typical debt costs to pay back at Davis College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Davis College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.1% |
| Borrowers in the cohort | 374 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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.
Did You Know?
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.