by our College Data Analytics TeamHere you will find what students actually borrow to attend Princeton Theological Seminary: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Princeton Seminary.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,000 |
| 75th percentile | $7,000 |
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Princeton Seminary.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 34 | $20,741 |
Federal data lets us separate Stafford borrowers from the rest at Princeton Seminary.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 20 | — |
| No Stafford loan this year | 14 | — |
These figures turn the debt totals into a monthly repayment picture for Princeton Seminary.
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 Princeton Seminary is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.6% |
| Borrowers in the cohort | 112 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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.
Important to Remember
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.