by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Manna University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
For incoming students at Grace College of Divinity, 33% of freshmen borrow to help pay for their first year, at roughly $4,454 each — a figure that counts both private and federal student loans.
The average federal loan is $4,454, amounting to 81.0% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Grace College of Divinity, 19% take out federal student loans, at an average of $6,332 each per year. It comes to 42.2% more than the first-year federal average of $4,454.
At a steady annual pace, that totals around $12,664 over two years and about $25,328 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 19% |
| Average federal loan per year | $6,332 |
| Undergraduates with a federal loan | 31 |
| Total federal loans (one year) | $196,298 |
Graduating and withdrawing students at Grace College of Divinity carry a median federal debt of $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $13,450 |
| Students who withdrew | $8,944 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The indicators below describe what the typical debt costs to pay back at Grace College of Divinity.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Middle income | $8,944 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $11,584 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Grace College of Divinity.
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.
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.