by our College Data Analytics TeamThis page focuses on the debt students take on to attend Newman University: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Among first-year students at Newman University, 41% of incoming students take out a loan to help cover first-year costs, at roughly $6,737 each, across private and federal loan sources.
The average federal loan is $5,567. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Newman University, freshmen included, 48% finance part of their studies with federal loans, for a typical $7,232 a year. It comes to 29.9% more than the $5,567 typical freshmen borrow.
Repeating that yearly amount projects to about $14,464 after two years and $28,928 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $7,232 |
| Undergraduates with a federal loan | 399 |
| Total federal loans (one year) | $2,885,528 |
The median student at Newman University borrows $15,240 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,240 |
| Students who completed (graduates) | $20,801 |
| Students who withdrew | $8,334 |
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 Newman University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,166 |
| 25th percentile | $7,000 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $33,172 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Newman University.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Newman University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 189 | $15,000 |
| Completed (graduates) | 94 | $14,650 |
| Did not complete | 95 | $15,000 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $174.2/mo.
Federal data lets us separate Stafford borrowers from the rest at Newman University.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 153 | $15,000 |
| No Stafford loan this year | 36 | $14,182 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Newman University.
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 Newman University is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.5% |
| Borrowers in the cohort | 532 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $17,365 |
| Middle income | $15,625 |
| High income | $14,039 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,750 |
| Continuing-generation students | $15,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,000 |
| Independent students | $21,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Newman University.
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
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.