by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Parker University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Parker University, 78% of new students use loans toward freshman-year expenses, with a typical loan of $10,092 each, across private and federal loan sources.
On the federal side, the average loan is $10,092. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Parker University (freshmen included), 67% rely on federal student loans toward their education, with a mean of $11,163 a year. This is 10.6% greater than the first-year federal average of $10,092.
Repeating that yearly amount projects to about $22,326 in two years and roughly $44,652 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $11,163 |
| Undergraduates with a federal loan | 329 |
| Total federal loans (one year) | $3,672,584 |
The median student at Parker University borrows $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $12,288 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Parker University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $12,500 |
| 90th percentile (highest-debt students) | $20,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Parker University.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Parker University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 175 | $14,660 |
| Completed (graduates) | 112 | $15,537 |
| Did not complete | 63 | $13,201 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $184.75/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Parker University.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 151 | $15,500 |
| No Stafford loan this year | 24 | $11,581 |
These figures turn the debt totals into a monthly repayment picture for Parker University.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Parker University appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.4% |
| Borrowers in the cohort | 442 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $9,500 |
| Middle income | $9,500 |
| High income | $6,342 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,250 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Parker University.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.