by our College Data Analytics TeamThis page focuses on the debt students take on to attend Ohio State University-Marion Campus, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Ohio State University - Marion Campus, 28% of first-year students take on loan debt, borrowing on average $5,160 per student, private and federal loans combined.
The average federal loan is $4,707, representing 85.6% of the $5,500 first-year federal borrowing limit for a 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.
Counting every undergraduate at Ohio State University - Marion Campus, 31% use federal student loans to help pay for their education, with a mean of $5,662 each per year. This is 20.3% greater than the first-year federal average of $4,707.
At a steady annual pace, that totals around $11,324 over two years and about $22,648 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 31% |
| Average federal loan per year | $5,662 |
| Undergraduates with a federal loan | 262 |
| Total federal loans (one year) | $1,483,384 |
Graduating and withdrawing students at Ohio State University - Marion Campus carry a median federal debt of $14,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,500 |
| Students who completed (graduates) | $19,976 |
| Students who withdrew | $7,000 |
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 Ohio State University - Marion Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,500 |
| 75th percentile | $26,350 |
| 90th percentile (highest-debt students) | $31,700 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Ohio State University - Marion Campus.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Ohio State University - Marion Campus.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 6065 | $20,783 |
| Completed (graduates) | 4152 | $25,868 |
| Did not complete | 1913 | $15,687 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $307.6/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Ohio State University - Marion Campus.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 5935 | $20,955 |
| No Stafford loan | 130 | $14,946 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 5204 | $21,518 |
| No Stafford loan this year | 861 | $17,533 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Ohio State University - Marion Campus.
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 Ohio State University - Marion Campus is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.9% |
| Borrowers in the cohort | 11599 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,643 |
| Middle income | $13,000 |
| High income | $15,984 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $15,250 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,500 |
| Independent students | $15,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Ohio State University - Marion Campus.
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.
Did You Know?
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.