by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Salve Regina University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
For incoming students at Salve Regina, 73% of new students use loans toward freshman-year expenses, with a typical loan of $11,236 each, across private and federal loan sources.
The average federally funded loan is $5,476, equal to roughly 99.6% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Salve Regina, 71% borrow through federal student loan programs, averaging $6,497 each per year. This works out to 18.6% more than the freshman federal average of $5,476.
Repeating that yearly amount projects to about $12,994 in two years and roughly $25,988 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 71% |
| Average federal loan per year | $6,497 |
| Undergraduates with a federal loan | 1,487 |
| Total federal loans (one year) | $9,660,545 |
The middle borrower at Salve Regina owes $27,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $27,000 |
| Students who completed (graduates) | $27,000 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Salve Regina.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $30,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Salve Regina.
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 Salve Regina.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 394 | $33,150 |
| Completed (graduates) | 280 | $41,621 |
| Did not complete | 114 | $20,750 |
On a standard 10-year plan, the median completing borrower would pay about $494.92/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 Salve Regina.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 344 | $35,579 |
| No Stafford loan this year | 50 | $21,975 |
These figures turn the debt totals into a monthly repayment picture for Salve Regina.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Salve Regina is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.5% |
| Borrowers in the cohort | 586 |
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 | $27,000 |
| Middle income | $27,000 |
| High income | $26,351 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $27,000 |
| Continuing-generation students | $26,950 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $27,000 |
| Independent students | $15,557 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Salve Regina.
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
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.