by our College Data Analytics TeamHere you will find what students actually borrow to attend DeVry University-New Jersey— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At DeVry University - New Jersey, 100% of first-year students take on loan debt, borrowing on average $7,853 each, across private and federal loan sources.
The average federal loan is $7,853. This is at or above the $5,500 first-year federal borrowing cap that applies to 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.
Counting every undergraduate at DeVry University - New Jersey, 66% take out federal student loans, borrowing on average $7,827 each per year. This is 0.3% lower than the $7,853 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $15,654 across two years and $31,308 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 | 66% |
| Average federal loan per year | $7,827 |
| Undergraduates with a federal loan | 45 |
| Total federal loans (one year) | $352,226 |
The middle borrower at DeVry University - New Jersey owes $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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for DeVry University - New Jersey.
| 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 spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at DeVry University - New Jersey.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at DeVry University - New Jersey.
| 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 - New Jersey.
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 |
Stafford This Year vs Not
| 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 - New Jersey.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for DeVry University - New Jersey appears below.
| 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.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,756 |
| Middle income | $14,317 |
| High income | $14,750 |
First-Generation Comparison
| 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 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at DeVry University - New Jersey.
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Worth Knowing
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.