by our College Data Analytics TeamHere you will find what students actually borrow to attend Henderson State University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At Henderson State University specifically, 55% of first-year students take on loan debt, with a typical loan of $6,402 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $5,417, representing 98.5% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Henderson State University, 45% take out federal student loans, at an average of $6,395 per year. This works out to 18.1% above the freshman federal average of $5,417.
At a steady annual pace, that totals around $12,790 across two years and $25,580 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 45% |
| Average federal loan per year | $6,395 |
| Undergraduates with a federal loan | 664 |
| Total federal loans (one year) | $4,246,428 |
Graduating and withdrawing students at Henderson State University carry a median federal debt of $12,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
| Students who completed (graduates) | $19,500 |
| Students who withdrew | $8,250 |
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 Henderson State University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $21,650 |
| 90th percentile (highest-debt students) | $30,750 |
How wide this percentile range is tells you how much borrowing varies across students at Henderson State University.
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 Henderson State University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 332 | $10,000 |
| Completed (graduates) | 119 | $10,000 |
| Did not complete | 213 | $9,546 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $118.91/mo.
Federal data lets us separate Stafford borrowers from the rest at Henderson State University.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 292 | $10,000 |
| No Stafford loan this year | 40 | $8,928 |
The indicators below describe what the typical debt costs to pay back at Henderson 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 Henderson State University is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.7% |
| Borrowers in the cohort | 967 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $11,878 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,722 |
| Continuing-generation students | $12,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $17,346 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Henderson State University.
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.