by our College Data Analytics TeamHere you will find what students actually borrow to attend Saint Peter’s University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Saint Peter’s College, 30% of incoming students take out a loan to help cover first-year costs, for an average of $6,842 each, across private and federal loan sources.
The typical federal loan comes to $5,312, which is 96.6% of the $5,500 cap on first-year federal borrowing for the typical dependent student. 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 Saint Peter’s College, 31% rely on federal student loans toward their education, for a typical $6,166 each per year. That is 16.1% more than the $5,312 freshmen take on.
Borrowing the same amount each year would add up to roughly $12,332 after two years and $24,664 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 31% |
| Average federal loan per year | $6,166 |
| Undergraduates with a federal loan | 600 |
| Total federal loans (one year) | $3,699,659 |
The middle borrower at Saint Peter’s College owes $16,091 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,091 |
| Students who completed (graduates) | $20,500 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Saint Peter’s College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,146 |
| 25th percentile | $7,225 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $37,000 |
How wide this percentile range is tells you how much borrowing varies across students at Saint Peter’s 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 Saint Peter’s College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 556 | $19,041 |
| Completed (graduates) | 344 | $21,923 |
| Did not complete | 212 | $16,257 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $260.69/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 Saint Peter’s College.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 489 | $18,599 |
| No Stafford loan this year | 67 | $23,371 |
The indicators below describe what the typical debt costs to pay back at Saint Peter’s College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Saint Peter’s College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.6% |
| Borrowers in the cohort | 760 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $14,685 |
| Middle income | $16,375 |
| High income | $20,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,805 |
| Continuing-generation students | $18,278 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,500 |
| Independent students | $15,750 |
Federal data publishes the following gap measures for Saint Peter’s 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.
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.