by our College Data Analytics TeamThis page focuses on the debt students take on to attend Great Lakes Christian College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Great Lakes Christian College, 52% of incoming undergraduates borrow in year one, at roughly $6,407 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,327, which is 96.9% of the $5,500 first-year borrowing cap for the typical first-year 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 Great Lakes Christian College, 57% use federal student loans to help pay for their education, averaging $6,602 a year. That is 23.9% larger than the freshman federal average of $5,327.
Borrowing the same amount each year would add up to roughly $13,204 across two years and $26,408 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $6,602 |
| Undergraduates with a federal loan | 89 |
| Total federal loans (one year) | $587,586 |
The median student at Great Lakes Christian College borrows $12,250 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,250 |
| Students who completed (graduates) | $18,779 |
| Students who withdrew | $8,006 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Great Lakes Christian College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $26,500 |
| 90th percentile (highest-debt students) | $43,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Great Lakes Christian College.
These figures turn the debt totals into a monthly repayment picture for Great Lakes Christian College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Great Lakes Christian College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.5% |
| Borrowers in the cohort | 80 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,545 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,824 |
| Continuing-generation students | $16,376 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,666 |
| Independent students | $18,450 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Great Lakes Christian College.
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.