by our College Data Analytics TeamBelow is federal data on the loans students use to pay for McMurry University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At McMurray University, 74% of freshmen borrow to help pay for their first year, for an average of $6,817 each, across private and federal loan sources.
On the federal side, the average loan is $5,146, equal to roughly 93.6% of the $5,500 federal limit that applies to a typical first-year dependent borrower. 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 McMurray University, 68% take out federal student loans, averaging $6,648 each per year. That is 29.2% higher than the $5,146 borrowed by freshmen.
At a steady annual pace, that totals around $13,296 across two years and $26,592 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 | 68% |
| Average federal loan per year | $6,648 |
| Undergraduates with a federal loan | 749 |
| Total federal loans (one year) | $4,979,666 |
Graduating and withdrawing students at McMurray University carry a median federal debt of $19,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,000 |
| Students who completed (graduates) | $27,000 |
| Students who withdrew | $8,738 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at McMurray University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $38,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at McMurray 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 McMurray University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 207 | $16,700 |
| Completed (graduates) | 108 | $20,954 |
| Did not complete | 99 | $14,026 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $249.17/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. McMurray University.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for McMurray University follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.4% |
| Borrowers in the cohort | 481 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $17,203 |
| Middle income | $20,341 |
| High income | $17,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,750 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,750 |
| Independent students | $20,832 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at McMurray University.
Subsidized vs. 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.
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.