by our College Data Analytics TeamThis page focuses on the debt students take on to attend Lancaster Bible College: 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 Lancaster Bible College, 69% of incoming students take out a loan to help cover first-year costs, with a typical loan of $9,543 per student, private and federal loans combined.
Federal loans alone average $5,828. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Lancaster Bible College, freshmen included, 58% borrow through federal student loan programs, averaging $6,894 a year. This is 18.3% greater than the first-year federal average of $5,828.
Carrying that yearly figure forward comes to roughly $13,788 across two years and $27,576 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $6,894 |
| Undergraduates with a federal loan | 873 |
| Total federal loans (one year) | $6,018,693 |
The median student at Lancaster Bible College borrows $15,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,000 |
| Students who completed (graduates) | $20,500 |
| Students who withdrew | $9,319 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Lancaster Bible College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $22,950 |
| 90th percentile (highest-debt students) | $30,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Lancaster Bible College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Lancaster Bible College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 141 | $20,170 |
| Completed (graduates) | 73 | $23,000 |
| Did not complete | 68 | $17,839 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $273.49/mo.
The indicators below describe what the typical debt costs to pay back at Lancaster Bible College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Lancaster Bible College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.7% |
| Borrowers in the cohort | 252 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,834 |
| Middle income | $15,340 |
| High income | $16,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,948 |
| Continuing-generation students | $15,375 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,250 |
| Independent students | $14,625 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Lancaster Bible College.
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?
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.