by our College Data Analytics TeamThis page focuses on the debt students take on to attend Louisburg College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Louisburg College specifically, 78% of freshmen borrow to help pay for their first year, averaging $6,284 each, across private and federal loan sources.
The average federally funded loan is $5,766. That sits at or beyond the $5,500 first-year federal limit for a typical 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 Louisburg College, 81% finance part of their studies with federal loans, for a typical $5,478 in federal loans per year. This is 5.0% lower than the first-year federal average of $5,766.
Borrowing the same amount each year would add up to roughly $10,956 over two years and about $21,912 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 81% |
| Average federal loan per year | $5,478 |
| Undergraduates with a federal loan | 328 |
| Total federal loans (one year) | $1,796,748 |
Graduating and withdrawing students at Louisburg College carry a median federal debt of $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $8,250 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Louisburg College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $14,250 |
| 90th percentile (highest-debt students) | $19,250 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Louisburg College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Louisburg College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 253 | $12,000 |
| Completed (graduates) | 36 | $18,518 |
| Did not complete | 217 | $11,359 |
On a standard 10-year plan, the median completing borrower would pay about $220.2/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Louisburg College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Louisburg College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.9% |
| Borrowers in the cohort | 414 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $8,664 |
| High income | $8,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,889 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Louisburg 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.
Worth Knowing
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.