by our College Data Analytics TeamHere you will find what students actually borrow to attend Heritage Bible College— 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 Heritage Bible College specifically, 100% of first-year students take on loan debt, averaging $7,837 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $7,837. That sits at or beyond the $5,500 first-year federal limit for a typical 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.
Across the full undergraduate body at Heritage Bible College (freshmen included), 76% borrow through federal student loan programs, with a mean of $8,975 in federal loans per year. That is 14.5% higher than the $7,837 typical freshmen borrow.
Repeating that yearly amount projects to about $17,950 across two years and $35,900 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 76% |
| Average federal loan per year | $8,975 |
| Undergraduates with a federal loan | 25 |
| Total federal loans (one year) | $224,379 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Heritage Bible College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $25,250 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Heritage Bible College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Heritage Bible College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.1% |
| Borrowers in the cohort | 22 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.