by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Georgian Court University, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Georgian Court, 83% of incoming students take out a loan to help cover first-year costs, for an average of $11,431 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $10,355. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Georgian Court, 61% rely on federal student loans toward their education, at an average of $6,951 in federal loans per year. That is 32.9% less than the $10,355 freshmen take on.
Borrowing the same amount each year would add up to roughly $13,902 over two years and about $27,804 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $6,951 |
| Undergraduates with a federal loan | 719 |
| Total federal loans (one year) | $4,997,946 |
The middle borrower at Georgian Court owes $16,984 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,984 |
| Students who completed (graduates) | $21,816 |
| Students who withdrew | $10,386 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Georgian Court.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $9,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $35,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Georgian Court.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Georgian Court.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 333 | $21,600 |
| Completed (graduates) | 183 | $24,007 |
| Did not complete | 150 | $18,193 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $285.47/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Georgian Court.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 303 | $21,400 |
| No Stafford loan this year | 30 | $22,588 |
The indicators below describe what the typical debt costs to pay back at Georgian Court.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Georgian Court appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.3% |
| Borrowers in the cohort | 793 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $16,116 |
| Middle income | $18,625 |
| High income | $16,482 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,250 |
| Continuing-generation students | $15,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,515 |
| Independent students | $19,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Georgian Court.
The Difference Between Subsidized and 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.
Did You Know?
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.