by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Herzing University-Madison, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Herzing University - Madison specifically, 70% of incoming students take out a loan to help cover first-year costs, averaging $7,345 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,155. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Herzing University - Madison, 71% take out federal student loans, at an average of $7,968 each per year. It comes to 11.4% above the $7,155 borrowed by freshmen.
Borrowing at that rate every year works out to about $15,936 in two years and roughly $31,872 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 | 71% |
| Average federal loan per year | $7,968 |
| Undergraduates with a federal loan | 1,497 |
| Total federal loans (one year) | $11,927,966 |
Graduating and withdrawing students at Herzing University - Madison carry a median federal debt of $11,756 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,756 |
| Students who completed (graduates) | $21,500 |
| Students who withdrew | $6,862 |
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 Herzing University - Madison.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,466 |
| 25th percentile | $4,750 |
| 75th percentile | $23,024 |
| 90th percentile (highest-debt students) | $34,866 |
How wide this percentile range is tells you how much borrowing varies across students at Herzing University - Madison.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Herzing University - Madison.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1056 | $9,358 |
| Completed (graduates) | 533 | $10,400 |
| Did not complete | 523 | $8,000 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $123.67/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Herzing University - Madison.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1045 | — |
| No Stafford loan | 11 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 946 | $9,295 |
| No Stafford loan this year | 110 | $10,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Herzing University - Madison.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Herzing University - Madison follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.7% |
| Borrowers in the cohort | 5337 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,662 |
| Middle income | $13,130 |
| High income | $15,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,350 |
| Continuing-generation students | $14,080 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $12,018 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Herzing University - Madison.
Subsidized vs. 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?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.