by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Loyola University New Orleans: 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.
At Loyola New Orleans, 61% of incoming students take out a loan to help cover first-year costs, at roughly $7,643 per student, private and federal loans combined.
Federal loans alone average $5,576. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Loyola New Orleans (freshmen included), 57% use federal student loans to help pay for their education, for a typical $6,697 per year. That amounts to 20.1% larger than the $5,576 borrowed by freshmen.
Borrowing at that rate every year works out to about $13,394 in two years and roughly $26,788 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $6,697 |
| Undergraduates with a federal loan | 1,703 |
| Total federal loans (one year) | $11,404,995 |
Graduating and withdrawing students at Loyola New Orleans carry a median federal debt of $18,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $18,500 |
| Students who completed (graduates) | $26,000 |
| Students who withdrew | $8,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Loyola New Orleans.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $8,980 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,417 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Loyola New Orleans.
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 Loyola New Orleans.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 604 | $22,805 |
| Completed (graduates) | 316 | $27,371 |
| Did not complete | 288 | $19,006 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $325.47/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Loyola New Orleans.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 587 | — |
| No Stafford loan | 17 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 562 | $23,096 |
| No Stafford loan this year | 42 | $16,780 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Loyola New Orleans.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Loyola New Orleans is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.7% |
| Borrowers in the cohort | 1110 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,875 |
| Middle income | $19,460 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,432 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $12,502 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Loyola New Orleans.
The Difference Between 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.