by our College Data Analytics TeamHere you will find what students actually borrow to attend DeVry University-Illinois: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at DeVry University - Illinois, 85% of incoming undergraduates borrow in year one, averaging $7,521 each, across private and federal loan sources.
Federal loans alone average $7,513. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at DeVry University - Illinois, freshmen included, 82% finance part of their studies with federal loans, at an average of $7,098 a year. That is 5.5% less than the $7,513 freshmen take on.
Carrying that yearly figure forward comes to roughly $14,196 by year two and around $28,392 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 82% |
| Average federal loan per year | $7,098 |
| Undergraduates with a federal loan | 21,225 |
| Total federal loans (one year) | $150,645,125 |
The median student at DeVry University - Illinois borrows $12,805 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,805 |
| Students who completed (graduates) | $24,807 |
| Students who withdrew | $8,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 DeVry University - Illinois.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,677 |
| 25th percentile | $5,914 |
| 75th percentile | $37,954 |
| 90th percentile (highest-debt students) | $52,450 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at DeVry University - Illinois.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for DeVry University - Illinois.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 3186 | $9,556 |
| Completed (graduates) | 1405 | $9,974 |
| Did not complete | 1781 | $9,263 |
On a standard 10-year plan, the median completing borrower would pay about $118.6/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at DeVry University - Illinois.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 3159 | $9,649 |
| No Stafford loan | 27 | $4,000 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 2573 | $9,388 |
| No Stafford loan this year | 613 | $10,276 |
Repayment burden translates the debt figures into what a borrower actually pays each month. DeVry University - Illinois.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for DeVry University - Illinois follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.4% |
| Borrowers in the cohort | 40677 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,756 |
| Middle income | $14,317 |
| High income | $14,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,594 |
| Continuing-generation students | $13,904 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,895 |
| Independent students | $12,955 |
Federal data publishes the following gap measures for DeVry University - Illinois.
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
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.