by our College Data Analytics TeamThis page focuses on the debt students take on to attend North American University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at North American University, 38% of incoming students take out a loan to help cover first-year costs, borrowing on average $4,372 per borrower, covering both private and federal loans.
The average federal loan is $4,446, or about 80.8% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at North American University (freshmen included), 33% take out federal student loans, averaging $8,574 annually. That amounts to 92.8% higher than the $4,446 freshmen take on.
Carrying that yearly figure forward comes to roughly $17,148 across two years and $34,296 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 | 33% |
| Average federal loan per year | $8,574 |
| Undergraduates with a federal loan | 189 |
| Total federal loans (one year) | $1,620,534 |
The middle borrower at North American University owes $4,750 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,750 |
| Students who completed (graduates) | $4,925 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for North American University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,474 |
| 75th percentile | $14,750 |
| 90th percentile (highest-debt students) | $26,750 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at North American University.
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 North American University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 28 | $6,945 |
The indicators below describe what the typical debt costs to pay back at North American University.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $2,750 |
| High income | $2,750 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at North American University.
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.
Worth Knowing
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.