by our College Data Analytics TeamBelow is federal data on the loans students use to pay for King University: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Among first-year students at King, 60% of first-year students take on loan debt, averaging $6,978 per student, private and federal loans combined.
Federal loans alone average $5,125, amounting to 93.2% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at King, 61% finance part of their studies with federal loans, borrowing on average $7,026 per year. This is 37.1% higher than the first-year federal average of $5,125.
Carrying that yearly figure forward comes to roughly $14,052 in two years and roughly $28,104 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $7,026 |
| Undergraduates with a federal loan | 594 |
| Total federal loans (one year) | $4,173,689 |
The middle borrower at King owes $18,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $18,000 |
| Students who completed (graduates) | $22,750 |
| Students who withdrew | $10,000 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at King.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $32,000 |
How wide this percentile range is tells you how much borrowing varies across students at King.
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 King.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 195 | $13,000 |
| Completed (graduates) | 122 | $13,363 |
| Did not complete | 73 | $11,175 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $158.9/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at King.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 176 | $13,800 |
| No Stafford loan this year | 19 | $5,305 |
The indicators below describe what the typical debt costs to pay back at King.
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 King appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.4% |
| Borrowers in the cohort | 579 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,750 |
| Middle income | $19,368 |
| High income | $16,983 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,500 |
| Continuing-generation students | $14,450 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $22,761 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at King.
The Difference Between 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?
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.