by our College Data Analytics TeamHere you will find what students actually borrow to attend Maranatha Baptist 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.
For incoming students at MBU, 30% of new students use loans toward freshman-year expenses, with a typical loan of $6,221 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $4,814, equal to roughly 87.5% 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.
Among all degree-seeking undergrads at MBU, 34% finance part of their studies with federal loans, with a mean of $5,614 per year. That is 16.6% above the freshman federal average of $4,814.
At a steady annual pace, that totals around $11,228 by year two and around $22,456 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 34% |
| Average federal loan per year | $5,614 |
| Undergraduates with a federal loan | 182 |
| Total federal loans (one year) | $1,021,732 |
Graduating and withdrawing students at MBU carry a median federal debt of $12,375 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,375 |
| Students who completed (graduates) | $14,143 |
| Students who withdrew | $9,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at MBU.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $27,000 |
How wide this percentile range is tells you how much borrowing varies across students at MBU.
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 MBU.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 31 | $17,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. MBU.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for MBU follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0.9% |
| Borrowers in the cohort | 207 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,750 |
| Middle income | $11,500 |
| High income | $14,936 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $14,750 |
Federal data publishes the following gap measures for MBU.
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?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.