by our College Data Analytics TeamHere you will find what students actually borrow to attend Provo College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Provo College, 100% of freshmen borrow to help pay for their first year, borrowing on average $12,026 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $10,979. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at Provo College, 43% rely on federal student loans toward their education, for a typical $11,283 a year. That is 2.8% larger than the $10,979 freshmen take on.
Repeating that yearly amount projects to about $22,566 after two years and $45,132 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $11,283 |
| Undergraduates with a federal loan | 303 |
| Total federal loans (one year) | $3,418,840 |
Graduating and withdrawing students at Provo College carry a median federal debt of $24,262 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $24,262 |
| Students who completed (graduates) | $41,733 |
| Students who withdrew | $6,698 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Provo College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,439 |
| 25th percentile | $6,756 |
| 75th percentile | $22,007 |
| 90th percentile (highest-debt students) | $38,162 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Provo College.
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 Provo College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 23 | $9,614 |
These figures turn the debt totals into a monthly repayment picture for Provo College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Provo College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.6% |
| Borrowers in the cohort | 577 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $23,584 |
| Middle income | $21,928 |
| High income | $25,359 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,932 |
| Continuing-generation students | $25,688 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $24,498 |
| Independent students | $23,887 |
Federal data publishes the following gap measures for Provo College.
Subsidized and 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.
Did You Know?
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.