by our College Data Analytics TeamThis page focuses on the debt students take on to attend Eastern Oklahoma State College: 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.
Among first-year students at Eastern, 19% of new students use loans toward freshman-year expenses, at roughly $5,970 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,805. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Eastern, 20% rely on federal student loans toward their education, averaging $6,571 each per year. That is 13.2% higher than the $5,805 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $13,142 by year two and around $26,284 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 20% |
| Average federal loan per year | $6,571 |
| Undergraduates with a federal loan | 189 |
| Total federal loans (one year) | $1,241,881 |
Graduating and withdrawing students at Eastern carry a median federal debt of $8,750 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,750 |
| Students who completed (graduates) | $11,900 |
| Students who withdrew | $8,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Eastern.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,250 |
| 25th percentile | $4,000 |
| 75th percentile | $15,750 |
| 90th percentile (highest-debt students) | $25,250 |
How wide this percentile range is tells you how much borrowing varies across students at Eastern.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Eastern.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 48 | $10,100 |
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Eastern.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 24 | $8,800 |
| No Stafford loan this year | 24 | $12,232 |
The indicators below describe what the typical debt costs to pay back at Eastern.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Eastern is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.5% |
| Borrowers in the cohort | 350 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $7,960 |
| High income | $7,714 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $7,289 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $11,375 |
Federal data publishes the following gap measures for Eastern.
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.
Worth Knowing
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.