by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Midwestern State University, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Among first-year students at MSU Texas, 51% of incoming undergraduates borrow in year one, with a typical loan of $5,827 each — a figure that counts both private and federal student loans.
The average federal loan is $5,028, or about 91.4% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at MSU Texas, 44% use federal student loans to help pay for their education, for a typical $6,416 annually. This works out to 27.6% greater than the $5,028 freshmen take on.
Carrying that yearly figure forward comes to roughly $12,832 by year two and around $25,664 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 44% |
| Average federal loan per year | $6,416 |
| Undergraduates with a federal loan | 1,792 |
| Total federal loans (one year) | $11,496,720 |
Graduating and withdrawing students at MSU Texas carry a median federal debt of $13,051 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,051 |
| Students who completed (graduates) | $21,030 |
| Students who withdrew | $7,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at MSU Texas.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $33,750 |
How wide this percentile range is tells you how much borrowing varies across students at MSU Texas.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at MSU Texas.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 840 | $14,873 |
| Completed (graduates) | 426 | $19,367 |
| Did not complete | 414 | $10,157 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $230.29/mo.
Federal data lets us separate Stafford borrowers from the rest at MSU Texas.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 822 | — |
| No Stafford loan | 18 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 764 | $15,000 |
| No Stafford loan this year | 76 | $11,839 |
Repayment burden translates the debt figures into what a borrower actually pays each month. MSU Texas.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for MSU Texas appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.2% |
| Borrowers in the cohort | 1309 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,000 |
| Middle income | $12,500 |
| High income | $14,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,533 |
| Continuing-generation students | $13,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,500 |
| Independent students | $15,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at MSU Texas.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Worth Knowing
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.