by our College Data Analytics TeamThis page focuses on the debt students take on to attend Greensboro College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Greensboro College, 81% of incoming undergraduates borrow in year one, averaging $7,608 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $6,139. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Greensboro College, 75% rely on federal student loans toward their education, borrowing on average $6,880 annually. That amounts to 12.1% above the freshman federal average of $6,139.
Borrowing the same amount each year would add up to roughly $13,760 after two years and $27,520 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 75% |
| Average federal loan per year | $6,880 |
| Undergraduates with a federal loan | 491 |
| Total federal loans (one year) | $3,377,844 |
The median student at Greensboro College borrows $17,986 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,986 |
| Students who completed (graduates) | $25,607 |
| Students who withdrew | $8,250 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Greensboro College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,116 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $37,500 |
How wide this percentile range is tells you how much borrowing varies across students at Greensboro 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 Greensboro College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 195 | $20,800 |
| Completed (graduates) | 82 | $30,345 |
| Did not complete | 113 | $17,100 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $360.83/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Greensboro College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Greensboro College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.3% |
| Borrowers in the cohort | 369 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,368 |
| Middle income | $17,500 |
| High income | $18,843 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,500 |
| Continuing-generation students | $19,650 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,750 |
| Independent students | $19,125 |
Federal data publishes the following gap measures for Greensboro 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.
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.