by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Midland University: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Midland U, 88% of freshmen borrow to help pay for their first year, for an average of $7,717 per borrower, covering both private and federal loans.
The average federally funded loan is $4,483, amounting to 81.5% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Midland U, 69% take out federal student loans, averaging $6,695 annually. This works out to 49.3% higher than the $4,483 freshmen take on.
At a steady annual pace, that totals around $13,390 across two years and $26,780 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 69% |
| Average federal loan per year | $6,695 |
| Undergraduates with a federal loan | 822 |
| Total federal loans (one year) | $5,503,478 |
The median student at Midland U borrows $15,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,000 |
| Students who completed (graduates) | $26,134 |
| Students who withdrew | $6,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Midland U.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,225 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Midland U.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Midland U.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 312 | $20,120 |
| Completed (graduates) | 171 | $26,370 |
| Did not complete | 141 | $16,381 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $313.57/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 Midland U.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 275 | $21,352 |
| No Stafford loan this year | 37 | $9,107 |
The indicators below describe what the typical debt costs to pay back at Midland U.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Midland U is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.0% |
| Borrowers in the cohort | 329 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,750 |
| Middle income | $17,500 |
| High income | $14,000 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $16,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $18,954 |
Federal data publishes the following gap measures for Midland U.
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.
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.