by our College Data Analytics TeamThis page focuses on the debt students take on to attend North Carolina Central 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 Carolina Central University, 72% of incoming students take out a loan to help cover first-year costs, borrowing on average $6,108 per student, private and federal loans combined.
The typical federal loan comes to $6,108. 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.
Among all degree-seeking undergrads at North Carolina Central University, 69% rely on federal student loans toward their education, for a typical $6,920 each per year. This works out to 13.3% larger than the $6,108 freshmen take on.
Repeating that yearly amount projects to about $13,840 over two years and about $27,680 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 69% |
| Average federal loan per year | $6,920 |
| Undergraduates with a federal loan | 3,733 |
| Total federal loans (one year) | $25,832,133 |
Graduating and withdrawing students at North Carolina Central University carry a median federal debt of $22,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $22,000 |
| Students who completed (graduates) | $28,250 |
| Students who withdrew | $12,000 |
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 North Carolina Central University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,383 |
| 25th percentile | $10,250 |
| 75th percentile | $35,500 |
| 90th percentile (highest-debt students) | $44,848 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at North Carolina Central University.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at North Carolina Central University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 2322 | $16,033 |
| Completed (graduates) | 1238 | $19,245 |
| Did not complete | 1084 | $13,273 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $228.84/mo.
Federal data lets us separate Stafford borrowers from the rest at North Carolina Central University.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 2292 | $16,107 |
| No Stafford loan | 30 | $9,734 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 2092 | $16,324 |
| No Stafford loan this year | 230 | $13,014 |
Repayment burden translates the debt figures into what a borrower actually pays each month. North Carolina Central University.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for North Carolina Central University follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.3% |
| Borrowers in the cohort | 2518 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $23,250 |
| Middle income | $21,431 |
| High income | $18,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,250 |
| Continuing-generation students | $21,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,733 |
| Independent students | $22,393 |
Federal data publishes the following gap measures for North Carolina Central University.
Subsidized vs. 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
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.