by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Marian University, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Marian, 87% of incoming students take out a loan to help cover first-year costs, borrowing on average $6,537 per student, private and federal loans combined.
The average federally funded loan is $5,013, or about 91.1% 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.
Counting every undergraduate at Marian, 79% use federal student loans to help pay for their education, at an average of $6,774 each per year. This is 35.1% more than the $5,013 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $13,548 by year two and around $27,096 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 79% |
| Average federal loan per year | $6,774 |
| Undergraduates with a federal loan | 835 |
| Total federal loans (one year) | $5,656,155 |
Graduating and withdrawing students at Marian carry a median federal debt of $17,340 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,340 |
| Students who completed (graduates) | $25,000 |
| Students who withdrew | $15,439 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Marian.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,050 |
| 75th percentile | $30,659 |
| 90th percentile (highest-debt students) | $41,214 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Marian.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Marian.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 230 | $14,001 |
| Completed (graduates) | 25 | $22,596 |
| Did not complete | 205 | $13,006 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $268.69/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 Marian.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 216 | — |
| No Stafford loan this year | 14 | — |
These figures turn the debt totals into a monthly repayment picture for Marian.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Marian is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.9% |
| Borrowers in the cohort | 804 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $14,250 |
| Middle income | $17,846 |
| High income | $18,355 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,750 |
| Continuing-generation students | $15,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,000 |
| Independent students | $18,750 |
Federal data publishes the following gap measures for Marian.
The Difference Between Subsidized and 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.
Important to Remember
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.