by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Newberry College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Newberry College specifically, 74% of new students use loans toward freshman-year expenses, for an average of $7,564 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $5,779. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Newberry College (freshmen included), 73% take out federal student loans, borrowing on average $6,383 per year. It comes to 10.5% more than the $5,779 borrowed by freshmen.
Borrowing at that rate every year works out to about $12,766 by year two and around $25,532 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 73% |
| Average federal loan per year | $6,383 |
| Undergraduates with a federal loan | 1,069 |
| Total federal loans (one year) | $6,823,182 |
The middle borrower at Newberry College owes $15,750 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,750 |
| Students who completed (graduates) | $26,805 |
| Students who withdrew | $6,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Newberry College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $5,500 |
| 75th percentile | $28,250 |
| 90th percentile (highest-debt students) | $39,466 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Newberry College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Newberry College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 305 | $16,454 |
| Completed (graduates) | 154 | $22,632 |
| Did not complete | 151 | $14,243 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $269.12/mo.
These figures turn the debt totals into a monthly repayment picture for Newberry College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Newberry College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.2% |
| Borrowers in the cohort | 320 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,750 |
| Middle income | $14,000 |
| High income | $17,617 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,871 |
| Continuing-generation students | $15,650 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,000 |
| Independent students | $15,259 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Newberry College.
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?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.