by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Mayville State University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Mayville State University, 61% of freshmen borrow to help pay for their first year, averaging $8,174 per student, private and federal loans combined.
The average federally funded loan is $5,338, or about 97.1% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. 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 Mayville State University, 53% finance part of their studies with federal loans, for a typical $6,339 per year. That amounts to 18.8% larger than the $5,338 borrowed by freshmen.
At a steady annual pace, that totals around $12,678 over two years and about $25,356 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 53% |
| Average federal loan per year | $6,339 |
| Undergraduates with a federal loan | 385 |
| Total federal loans (one year) | $2,440,532 |
Graduating and withdrawing students at Mayville State University carry a median federal debt of $12,268 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,268 |
| Students who completed (graduates) | $18,585 |
| Students who withdrew | $8,250 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Mayville State University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,360 |
| 25th percentile | $5,500 |
| 75th percentile | $19,203 |
| 90th percentile (highest-debt students) | $29,700 |
How wide this percentile range is tells you how much borrowing varies across students at Mayville State University.
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 Mayville State University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 92 | $10,093 |
| Completed (graduates) | 41 | $9,812 |
| Did not complete | 51 | $11,000 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $116.68/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 Mayville State University.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 66 | $10,093 |
| No Stafford loan this year | 26 | $10,202 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Mayville State University.
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 Mayville State University is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.0% |
| Borrowers in the cohort | 249 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $10,154 |
| Middle income | $13,000 |
| High income | $12,529 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $11,458 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $12,500 |
Federal data publishes the following gap measures for Mayville State University.
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.
Did You Know?
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.