by our College Data Analytics TeamThis page focuses on the debt students take on to attend The University of Olivet: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Olivet, 81% of incoming students take out a loan to help cover first-year costs, for an average of $9,403 each, across private and federal loan sources.
The typical federal loan comes to $8,140. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. 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 Olivet, 79% rely on federal student loans toward their education, with a mean of $9,291 per year. This works out to 14.1% greater than the freshman federal average of $8,140.
Carrying that yearly figure forward comes to roughly $18,582 after two years and $37,164 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 79% |
| Average federal loan per year | $9,291 |
| Undergraduates with a federal loan | 734 |
| Total federal loans (one year) | $6,819,230 |
The median student at Olivet borrows $13,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,000 |
| Students who completed (graduates) | $27,000 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Olivet.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $40,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Olivet.
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 Olivet.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 244 | $16,000 |
| Completed (graduates) | 105 | $23,700 |
| Did not complete | 139 | $13,113 |
On a standard 10-year plan, the median completing borrower would pay about $281.82/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Olivet.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Olivet follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.8% |
| Borrowers in the cohort | 368 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,000 |
| Middle income | $12,000 |
| High income | $17,601 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,193 |
| Continuing-generation students | $15,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,250 |
| Independent students | $17,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Olivet.
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
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.