by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Rend Lake College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Rend Lake College specifically, 3% of incoming students take out a loan to help cover first-year costs, with a typical loan of $9,844 per borrower, covering both private and federal loans.
Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 0% |
| Undergraduates with a federal loan | 0 |
| Total federal loans (one year) | $0 |
The median student at Rend Lake College borrows $4,475 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,475 |
| Students who completed (graduates) | $5,809 |
| Students who withdrew | $3,841 |
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 Rend Lake College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,000 |
| 25th percentile | $1,750 |
| 75th percentile | $5,682 |
| 90th percentile (highest-debt students) | $10,259 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Rend Lake College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Rend Lake College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 63 | $12,603 |
| Completed (graduates) | 22 | $9,467 |
| Did not complete | 41 | $14,103 |
On a standard 10-year plan, the median completing borrower would pay about $112.57/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Rend Lake 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 Rend Lake College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 22.6% |
| Borrowers in the cohort | 429 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $4,625 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $5,778 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Rend Lake College.
The Difference Between 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.
Important to Remember
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.