by our College Data Analytics TeamHere you will find what students actually borrow to attend Neumann 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 Neumann, 83% of new students use loans toward freshman-year expenses, with a typical loan of $9,320 each, across private and federal loan sources.
On the federal side, the average loan is $5,781. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Neumann (freshmen included), 76% use federal student loans to help pay for their education, with a mean of $6,863 a year. This works out to 18.7% more than the $5,781 typical freshmen borrow.
Repeating that yearly amount projects to about $13,726 after two years and $27,452 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 76% |
| Average federal loan per year | $6,863 |
| Undergraduates with a federal loan | 1,189 |
| Total federal loans (one year) | $8,159,635 |
Graduating and withdrawing students at Neumann carry a median federal debt of $19,630 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,630 |
| Students who completed (graduates) | $27,000 |
| Students who withdrew | $10,313 |
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 Neumann.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,084 |
| 75th percentile | $30,500 |
| 90th percentile (highest-debt students) | $40,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Neumann.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Neumann.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 512 | $22,898 |
| Completed (graduates) | 267 | $33,530 |
| Did not complete | 245 | $19,890 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $398.71/mo.
Federal data lets us separate Stafford borrowers from the rest at Neumann.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 444 | $23,368 |
| No Stafford loan this year | 68 | $17,220 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Neumann.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Neumann appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.9% |
| Borrowers in the cohort | 823 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $19,510 |
| Middle income | $20,000 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,500 |
| Continuing-generation students | $20,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $20,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Neumann.
The Difference Between Subsidized and 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
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.