by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Eagle Gate College-Murray: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Eagle Gate College - Murray, 50% of incoming undergraduates borrow in year one, for an average of $9,411 per student, private and federal loans combined.
The average federally funded loan is $8,010. 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.
Among all degree-seeking undergrads at Eagle Gate College - Murray, 40% rely on federal student loans toward their education, averaging $9,519 each per year. This works out to 18.8% greater than the freshman federal average of $8,010.
Carrying that yearly figure forward comes to roughly $19,038 after two years and $38,076 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 40% |
| Average federal loan per year | $9,519 |
| Undergraduates with a federal loan | 101 |
| Total federal loans (one year) | $961,460 |
The median student at Eagle Gate College - Murray borrows $20,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $20,000 |
| Students who completed (graduates) | $43,021 |
| Students who withdrew | $8,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Eagle Gate College - Murray.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,683 |
| 25th percentile | $7,486 |
| 75th percentile | $22,524 |
| 90th percentile (highest-debt students) | $32,562 |
How wide this percentile range is tells you how much borrowing varies across students at Eagle Gate College - Murray.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Eagle Gate College - Murray.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 20 | $10,649 |
These figures turn the debt totals into a monthly repayment picture for Eagle Gate College - Murray.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Eagle Gate College - Murray appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 23.9% |
| Borrowers in the cohort | 965 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $17,946 |
| Middle income | $24,000 |
| High income | $24,862 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,116 |
| Continuing-generation students | $29,442 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,524 |
| Independent students | $24,125 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Eagle Gate College - Murray.
The Difference Between Subsidized and 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.
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.