by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Hampton University— 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.
At Hampton, 55% of first-year students take on loan debt, averaging $8,078 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $5,545. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at Hampton, 56% take out federal student loans, with a mean of $6,282 annually. It comes to 13.3% above the $5,545 freshmen take on.
Borrowing the same amount each year would add up to roughly $12,564 over two years and about $25,128 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 56% |
| Average federal loan per year | $6,282 |
| Undergraduates with a federal loan | 1,824 |
| Total federal loans (one year) | $11,458,391 |
The middle borrower at Hampton owes $19,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,500 |
| Students who completed (graduates) | $25,442 |
| Students who withdrew | $12,000 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Hampton.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,105 |
| 25th percentile | $7,500 |
| 75th percentile | $29,500 |
| 90th percentile (highest-debt students) | $39,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Hampton.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Hampton.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1393 | $55,638 |
| Completed (graduates) | 788 | $74,299 |
| Did not complete | 605 | $35,534 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $883.49/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 Hampton.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1338 | $56,811 |
| No Stafford loan | 55 | $29,872 |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 1287 | $59,194 |
| No Stafford loan this year | 106 | $24,402 |
These figures turn the debt totals into a monthly repayment picture for Hampton.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Hampton is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.7% |
| Borrowers in the cohort | 1298 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $20,827 |
| Middle income | $19,500 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,500 |
| Continuing-generation students | $18,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $20,000 |
| Independent students | $14,221 |
Federal data publishes the following gap measures for Hampton.
Subsidized and 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.