by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Quincy University, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Quincy U, 84% of incoming students take out a loan to help cover first-year costs, averaging $8,041 per student, private and federal loans combined.
The average federally funded loan is $5,481, amounting to 99.7% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Quincy U (freshmen included), 63% take out federal student loans, for a typical $6,197 a year. That is 13.1% higher than the $5,481 borrowed by freshmen.
Repeating that yearly amount projects to about $12,394 across two years and $24,788 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $6,197 |
| Undergraduates with a federal loan | 614 |
| Total federal loans (one year) | $3,804,943 |
Graduating and withdrawing students at Quincy U carry a median federal debt of $13,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,000 |
| Students who completed (graduates) | $24,000 |
| Students who withdrew | $8,979 |
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 Quincy U.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,000 |
| 25th percentile | $6,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $31,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Quincy U.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Quincy U.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 187 | $15,736 |
| Completed (graduates) | 64 | $16,609 |
| Did not complete | 123 | $15,000 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $197.5/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Quincy U.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 166 | $14,988 |
| No Stafford loan this year | 21 | $22,172 |
These figures turn the debt totals into a monthly repayment picture for Quincy U.
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 Quincy U appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.1% |
| Borrowers in the cohort | 620 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,955 |
| Middle income | $14,000 |
| High income | $14,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,091 |
| Continuing-generation students | $13,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,973 |
| Independent students | $20,261 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Quincy U.
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.
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.