by our College Data Analytics TeamBelow is federal data on the loans students use to pay for University of Mount Olive, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at UMO, 58% of first-year students take on loan debt, borrowing on average $7,985 each, across private and federal loan sources.
The typical federal loan comes to $5,309, or about 96.5% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at UMO (freshmen included), 76% take out federal student loans, with a mean of $6,536 each per year. That is 23.1% larger than the $5,309 freshmen take on.
At a steady annual pace, that totals around $13,072 across two years and $26,144 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 76% |
| Average federal loan per year | $6,536 |
| Undergraduates with a federal loan | 1,335 |
| Total federal loans (one year) | $8,725,843 |
The median student at UMO borrows $20,811 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $20,811 |
| Students who completed (graduates) | $27,209 |
| Students who withdrew | $11,521 |
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 UMO.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,713 |
| 25th percentile | $8,302 |
| 75th percentile | $32,298 |
| 90th percentile (highest-debt students) | $44,069 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at UMO.
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 UMO.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 346 | $12,895 |
| Completed (graduates) | 165 | $15,000 |
| Did not complete | 181 | $10,500 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $178.37/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at UMO.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 291 | $12,790 |
| No Stafford loan this year | 55 | $13,130 |
The indicators below describe what the typical debt costs to pay back at UMO.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for UMO is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.0% |
| Borrowers in the cohort | 1223 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $22,000 |
| Middle income | $19,687 |
| High income | $19,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,021 |
| Continuing-generation students | $19,418 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,250 |
| Independent students | $25,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at UMO.
Subsidized and 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.
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.