by our College Data Analytics TeamThis page focuses on the debt students take on to attend Goldey-Beacom College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Goldey - Beacom College, 54% of freshmen borrow to help pay for their first year, with a typical loan of $6,106 per student, private and federal loans combined.
Federal loans alone average $5,600. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Goldey - Beacom College, 38% use federal student loans to help pay for their education, at an average of $6,250 in federal loans per year. This works out to 11.6% larger than the $5,600 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $12,500 in two years and roughly $25,000 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 38% |
| Average federal loan per year | $6,250 |
| Undergraduates with a federal loan | 242 |
| Total federal loans (one year) | $1,512,433 |
The middle borrower at Goldey - Beacom College owes $14,375 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,375 |
| Students who completed (graduates) | $18,900 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Goldey - Beacom College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,100 |
| 25th percentile | $6,007 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $35,000 |
How wide this percentile range is tells you how much borrowing varies across students at Goldey - Beacom College.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Goldey - Beacom College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 57 | $10,350 |
| Completed (graduates) | 37 | $13,700 |
| Did not complete | 20 | $8,217 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $162.91/mo.
These figures turn the debt totals into a monthly repayment picture for Goldey - Beacom College.
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 Goldey - Beacom College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.6% |
| Borrowers in the cohort | 214 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $11,613 |
| Middle income | $13,615 |
| High income | $16,701 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,353 |
| Continuing-generation students | $15,939 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,775 |
| Independent students | $11,614 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Goldey - Beacom College.
Subsidized vs. 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.