by our College Data Analytics TeamThis page focuses on the debt students take on to attend Indiana University-Kokomo, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at IU Kokomo, 28% of incoming undergraduates borrow in year one, for an average of $5,393 per borrower, covering both private and federal loans.
The average federal loan is $4,797, representing 87.2% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at IU Kokomo, 35% use federal student loans to help pay for their education, averaging $6,310 a year. This works out to 31.5% above the $4,797 freshmen take on.
At a steady annual pace, that totals around $12,620 across two years and $25,240 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 35% |
| Average federal loan per year | $6,310 |
| Undergraduates with a federal loan | 804 |
| Total federal loans (one year) | $5,073,555 |
The median student at IU Kokomo borrows $10,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,000 |
| Students who completed (graduates) | $16,961 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for IU Kokomo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $23,070 |
| 90th percentile (highest-debt students) | $33,501 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at IU Kokomo.
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 IU Kokomo.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 207 | $11,718 |
| Completed (graduates) | 100 | $11,210 |
| Did not complete | 107 | $12,000 |
On a standard 10-year plan, the median completing borrower would pay about $133.3/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at IU Kokomo.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 141 | $11,000 |
| No Stafford loan this year | 66 | $12,837 |
These figures turn the debt totals into a monthly repayment picture for IU Kokomo.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for IU Kokomo follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.2% |
| Borrowers in the cohort | 713 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,286 |
| Middle income | $9,507 |
| High income | $11,000 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,000 |
| Continuing-generation students | $10,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,250 |
| Independent students | $12,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at IU Kokomo.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Important to Remember
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.