by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Gnomon, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Gnomon, 25% of incoming students take out a loan to help cover first-year costs, for an average of $5,100 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,100, or about 92.7% of the $5,500 first-year federal borrowing limit for a 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.
Looking at all undergraduates at Gnomon, freshmen included, 32% take out federal student loans, with a mean of $9,885 in federal loans per year. That amounts to 93.8% above the $5,100 typical freshmen borrow.
Borrowing at that rate every year works out to about $19,770 in two years and roughly $39,540 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 32% |
| Average federal loan per year | $9,885 |
| Undergraduates with a federal loan | 98 |
| Total federal loans (one year) | $968,769 |
Graduating and withdrawing students at Gnomon carry a median federal debt of $28,332 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $28,332 |
| Students who completed (graduates) | $28,332 |
| Students who withdrew | $20,000 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Gnomon.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $7,667 |
| 25th percentile | $13,667 |
| 75th percentile | $28,332 |
| 90th percentile (highest-debt students) | $44,041 |
How wide this percentile range is tells you how much borrowing varies across students at Gnomon.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Gnomon.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 141 | $44,000 |
| Completed (graduates) | 54 | $52,823 |
| Did not complete | 87 | $31,124 |
On a standard 10-year plan, the median completing borrower would pay about $628.12/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 Gnomon.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 59 | $52,209 |
| No Stafford loan this year | 82 | $31,666 |
These figures turn the debt totals into a monthly repayment picture for Gnomon.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Gnomon follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 30 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $28,332 |
| Middle income | $28,144 |
| High income | $27,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $28,332 |
| Continuing-generation students | $28,332 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $27,000 |
| Independent students | $28,332 |
Federal data publishes the following gap measures for Gnomon.
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.
Did You Know?
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.