by our College Data Analytics TeamHere you will find what students actually borrow to attend Grayson College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Among first-year students at Grayson College, 8% of incoming students take out a loan to help cover first-year costs, for an average of $7,566 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $7,566. This meets or exceeds the $5,500 cap on first-year federal borrowing for 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.
Counting every undergraduate at Grayson College, 13% take out federal student loans, for a typical $9,689 annually. That is 28.1% above the $7,566 typical freshmen borrow.
At a steady annual pace, that totals around $19,378 by year two and around $38,756 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 | 13% |
| Average federal loan per year | $9,689 |
| Undergraduates with a federal loan | 370 |
| Total federal loans (one year) | $3,585,034 |
The median student at Grayson College borrows $7,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,500 |
| Students who completed (graduates) | $12,250 |
| Students who withdrew | $5,250 |
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 Grayson College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,000 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $21,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Grayson College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Grayson College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 151 | $12,500 |
| Completed (graduates) | 49 | $10,963 |
| Did not complete | 102 | $13,570 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $130.36/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 Grayson College.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 141 | — |
| No Stafford loan | 10 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 39 | $11,066 |
| No Stafford loan this year | 112 | $13,570 |
These figures turn the debt totals into a monthly repayment picture for Grayson College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Grayson College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 19.4% |
| Borrowers in the cohort | 714 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,490 |
| Middle income | $6,625 |
| High income | $4,663 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,800 |
| Continuing-generation students | $6,750 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,199 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Grayson 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
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.