by our College Data Analytics TeamHere you will find what students actually borrow to attend Gods Bible School and College— 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.
At Gods Bible School and College specifically, 2% of new students use loans toward freshman-year expenses, at roughly $3,000 per borrower, covering both private and federal loans.
The average federally funded loan is $3,000, amounting to 54.5% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Gods Bible School and College, freshmen included, 9% borrow through federal student loan programs, at an average of $5,966 in federal loans per year. This is 98.9% above the first-year federal average of $3,000.
Repeating that yearly amount projects to about $11,932 in two years and roughly $23,864 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 9% |
| Average federal loan per year | $5,966 |
| Undergraduates with a federal loan | 27 |
| Total federal loans (one year) | $161,069 |
The median student at Gods Bible School and College borrows $5,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $4,522 |
| Students who withdrew | $6,000 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Gods Bible School and College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,750 |
| 75th percentile | $11,600 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Gods Bible School and College.
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 Gods Bible School and College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.3% |
| Borrowers in the cohort | 32 |
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 |
|---|---|
| Low income | $8,700 |
| Middle income | $5,350 |
| High income | $5,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Gods Bible School and College.
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
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.