by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paul Quinn College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Paul Quinn College, 84% of incoming undergraduates borrow in year one, borrowing on average $6,786 each — a figure that counts both private and federal student loans.
The average federally funded loan is $6,809. That is at or past the $5,500 federal first-year limit for the 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 Paul Quinn College, 84% take out federal student loans, borrowing on average $7,199 per year. This works out to 5.7% more than the $6,809 freshmen take on.
Repeating that yearly amount projects to about $14,398 in two years and roughly $28,796 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 | 84% |
| Average federal loan per year | $7,199 |
| Undergraduates with a federal loan | 495 |
| Total federal loans (one year) | $3,563,565 |
The median student at Paul Quinn College borrows $11,090 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,090 |
| Students who completed (graduates) | $23,373 |
| Students who withdrew | $10,250 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Paul Quinn College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,857 |
| 25th percentile | $3,500 |
| 75th percentile | $15,986 |
| 90th percentile (highest-debt students) | $32,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Paul Quinn College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Paul Quinn College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 68 | $6,610 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Paul Quinn College.
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 Paul Quinn College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.0% |
| Borrowers in the cohort | 170 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,825 |
| Middle income | $9,796 |
| High income | $9,418 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,000 |
| Continuing-generation students | $14,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,250 |
| Independent students | $14,693 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Paul Quinn College.
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?
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.