by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Faith Baptist Bible College and Theological Seminary— 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.
Among first-year students at FBBC&TS, 34% of first-year students take on loan debt, averaging $5,195 per borrower, covering both private and federal loans.
The average federally funded loan is $4,718, equal to roughly 85.8% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at FBBC&TS (freshmen included), 30% borrow through federal student loan programs, at an average of $5,488 each per year. This is 16.3% greater than the $4,718 freshmen take on.
Borrowing at that rate every year works out to about $10,976 in two years and roughly $21,952 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 | 30% |
| Average federal loan per year | $5,488 |
| Undergraduates with a federal loan | 108 |
| Total federal loans (one year) | $592,662 |
Graduating and withdrawing students at FBBC&TS carry a median federal debt of $8,750 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,750 |
| Students who completed (graduates) | $12,971 |
| Students who withdrew | $5,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 FBBC&TS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $17,900 |
The indicators below describe what the typical debt costs to pay back at FBBC&TS.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for FBBC&TS follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0.9% |
| Borrowers in the cohort | 101 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Middle income | $10,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,750 |
| Continuing-generation students | $8,625 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at FBBC&TS.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.