by our College Data Analytics TeamHere you will find what students actually borrow to attend Ohio State University-Newark Campus— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Among first-year students at Ohio State University - Newark Campus, 37% of first-year students take on loan debt, for an average of $5,750 each — a figure that counts both private and federal student loans.
Federal loans alone average $5,035, amounting to 91.5% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Ohio State University - Newark Campus (freshmen included), 35% use federal student loans to help pay for their education, at an average of $5,415 each per year. That is 7.5% above the $5,035 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $10,830 over two years and about $21,660 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 35% |
| Average federal loan per year | $5,415 |
| Undergraduates with a federal loan | 802 |
| Total federal loans (one year) | $4,342,765 |
Graduating and withdrawing students at Ohio State University - Newark Campus carry a median federal debt of $14,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,500 |
| Students who completed (graduates) | $19,976 |
| Students who withdrew | $7,000 |
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 Ohio State University - Newark 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 |
How wide this percentile range is tells you how much borrowing varies across students at Ohio State University - Newark Campus.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Ohio State University - Newark 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 - Newark Campus.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 5935 | $20,955 |
| No Stafford loan | 130 | $14,946 |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 5204 | $21,518 |
| No Stafford loan this year | 861 | $17,533 |
The indicators below describe what the typical debt costs to pay back at Ohio State University - Newark Campus.
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 Ohio State University - Newark Campus is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.9% |
| Borrowers in the cohort | 11599 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
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 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,500 |
| Independent students | $15,000 |
Federal data publishes the following gap measures for Ohio State University - Newark Campus.
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.
Worth Knowing
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.