by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Harris-Stowe State University, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at Harris - Stowe State University, 59% of incoming students take out a loan to help cover first-year costs, borrowing on average $6,107 per student, private and federal loans combined.
The average federal loan is $6,110. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Harris - Stowe State University, 62% use federal student loans to help pay for their education, for a typical $7,465 per year. That amounts to 22.2% above the freshman federal average of $6,110.
Borrowing the same amount each year would add up to roughly $14,930 by year two and around $29,860 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 62% |
| Average federal loan per year | $7,465 |
| Undergraduates with a federal loan | 669 |
| Total federal loans (one year) | $4,994,311 |
Graduating and withdrawing students at Harris - Stowe State University carry a median federal debt of $13,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,500 |
| Students who completed (graduates) | $25,930 |
| Students who withdrew | $10,159 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Harris - Stowe State University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,320 |
| 75th percentile | $25,325 |
| 90th percentile (highest-debt students) | $38,370 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Harris - Stowe State University.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Harris - Stowe State University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 286 | $8,440 |
| Completed (graduates) | 79 | $12,500 |
| Did not complete | 207 | $7,500 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $148.64/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Harris - Stowe State University.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 265 | $8,400 |
| No Stafford loan this year | 21 | $12,006 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Harris - Stowe State University.
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 Harris - Stowe State University is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 18.9% |
| Borrowers in the cohort | 738 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,914 |
| Middle income | $13,000 |
| High income | $10,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,749 |
| Continuing-generation students | $12,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,100 |
| Independent students | $16,200 |
Federal data publishes the following gap measures for Harris - Stowe State University.
The Difference Between 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?
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.