by our College Data Analytics TeamThis page focuses on the debt students take on to attend Marion Military Institute, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Among first-year students at Marion Military Institute, 34% of freshmen borrow to help pay for their first year, averaging $4,728 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $4,015, amounting to 73.0% of the $5,500 first-year federal borrowing limit for a 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 Marion Military Institute, freshmen included, 38% rely on federal student loans toward their education, at an average of $4,469 in federal loans per year. That amounts to 11.3% larger than the $4,015 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $8,938 across two years and $17,876 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 38% |
| Average federal loan per year | $4,469 |
| Undergraduates with a federal loan | 118 |
| Total federal loans (one year) | $527,301 |
The middle borrower at Marion Military Institute owes $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $9,250 |
| Students who withdrew | $5,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Marion Military Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $3,592 |
| 75th percentile | $11,982 |
| 90th percentile (highest-debt students) | $15,250 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Marion Military Institute.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Marion Military Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 56 | $5,646 |
| Completed (graduates) | 21 | $5,500 |
| Did not complete | 35 | $5,793 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $65.4/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Marion Military Institute.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 46 | — |
| No Stafford loan this year | 10 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Marion Military Institute.
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 Marion Military Institute follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.8% |
| Borrowers in the cohort | 144 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $4,750 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Marion Military Institute.
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.
Worth Knowing
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.