by our College Data Analytics TeamBelow is federal data on the loans students use to pay for The King’s 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.
Among first-year students at TKU, 14% of new students use loans toward freshman-year expenses, at roughly $3,217 each, across private and federal loan sources.
On the federal side, the average loan is $3,217, representing 58.5% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at TKU, freshmen included, 48% finance part of their studies with federal loans, at an average of $3,909 annually. It comes to 21.5% more than the $3,217 typical freshmen borrow.
Repeating that yearly amount projects to about $7,818 by year two and around $15,636 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $3,909 |
| Undergraduates with a federal loan | 130 |
| Total federal loans (one year) | $508,152 |
Graduating and withdrawing students at TKU carry a median federal debt of $14,250 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,250 |
| Students who completed (graduates) | $27,000 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for TKU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $5,500 |
| 75th percentile | $27,391 |
| 90th percentile (highest-debt students) | $40,000 |
How wide this percentile range is tells you how much borrowing varies across students at TKU.
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 TKU.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 31 | $12,800 |
Repayment burden translates the debt figures into what a borrower actually pays each month. TKU.
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 TKU is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 94 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $14,237 |
| Middle income | $19,500 |
| High income | $9,712 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,500 |
| Continuing-generation students | $12,205 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,354 |
| Independent students | $15,264 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at TKU.
Subsidized vs. 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.