by our College Data Analytics TeamHere you will find what students actually borrow to attend Nazarene Bible College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Across the full undergraduate body at Nazarene Bible College (freshmen included), 20% borrow through federal student loan programs, at an average of $4,513 each per year.
Repeating that yearly amount projects to about $9,026 after two years and $18,052 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 20% |
| Average federal loan per year | $4,513 |
| Undergraduates with a federal loan | 67 |
| Total federal loans (one year) | $302,341 |
The middle borrower at Nazarene Bible College owes $17,106 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,106 |
| Students who completed (graduates) | $34,787 |
| Students who withdrew | $7,260 |
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 Nazarene Bible College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,334 |
| 75th percentile | $32,033 |
| 90th percentile (highest-debt students) | $42,698 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Nazarene Bible College.
These figures turn the debt totals into a monthly repayment picture for Nazarene Bible College.
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 Nazarene Bible College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.0% |
| Borrowers in the cohort | 208 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,905 |
| Middle income | $19,779 |
| High income | $22,959 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,434 |
| Continuing-generation students | $10,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,373 |
| Independent students | $18,490 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Nazarene Bible College.
The Difference Between 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?
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.