by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Morehouse College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Morehouse, 63% of first-year students take on loan debt, with a typical loan of $9,291 per borrower, covering both private and federal loans.
Federal loans alone average $5,591. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Morehouse, 57% rely on federal student loans toward their education, with a mean of $6,816 per year. That is 21.9% higher than the $5,591 freshmen take on.
At a steady annual pace, that totals around $13,632 after two years and $27,264 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $6,816 |
| Undergraduates with a federal loan | 1,571 |
| Total federal loans (one year) | $10,707,695 |
The middle borrower at Morehouse owes $18,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $18,500 |
| Students who completed (graduates) | $25,000 |
| Students who withdrew | $10,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Morehouse.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,500 |
| 75th percentile | $29,000 |
| 90th percentile (highest-debt students) | $37,500 |
How wide this percentile range is tells you how much borrowing varies across students at Morehouse.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Morehouse.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 972 | $49,970 |
| Completed (graduates) | 423 | $87,329 |
| Did not complete | 549 | $37,205 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $1038.43/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 Morehouse.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 901 | $54,623 |
| No Stafford loan | 71 | $29,305 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 773 | $67,811 |
| No Stafford loan this year | 199 | $19,444 |
The indicators below describe what the typical debt costs to pay back at Morehouse.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Morehouse appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 19.8% |
| Borrowers in the cohort | 725 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $20,000 |
| Middle income | $18,500 |
| High income | $16,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $17,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,250 |
| Independent students | $29,250 |
Federal data publishes the following gap measures for Morehouse.
Subsidized vs. 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.
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.