by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Evangel University, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Evangel, 92% of first-year students take on loan debt, at roughly $7,548 per student, private and federal loans combined.
Federal loans alone average $6,331. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Evangel, freshmen included, 88% use federal student loans to help pay for their education, for a typical $7,751 per year. This works out to 22.4% greater than the freshman federal average of $6,331.
Borrowing the same amount each year would add up to roughly $15,502 by year two and around $31,004 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 88% |
| Average federal loan per year | $7,751 |
| Undergraduates with a federal loan | 1,060 |
| Total federal loans (one year) | $8,216,157 |
The middle borrower at Evangel owes $17,495 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,495 |
| Students who completed (graduates) | $24,736 |
| Students who withdrew | $8,250 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Evangel.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,766 |
| 25th percentile | $7,000 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $36,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Evangel.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Evangel.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 341 | $16,584 |
| Completed (graduates) | 192 | $20,473 |
| Did not complete | 149 | $14,500 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $243.45/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Evangel.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 314 | $17,442 |
| No Stafford loan this year | 27 | $9,872 |
These figures turn the debt totals into a monthly repayment picture for Evangel.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Evangel appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.3% |
| Borrowers in the cohort | 638 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,764 |
| Middle income | $18,750 |
| High income | $18,196 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,000 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,490 |
| Independent students | $17,639 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Evangel.
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.