by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Selma University, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Selma University specifically, 0% of new students use loans toward freshman-year expenses.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 0% |
| Undergraduates with a federal loan | 0 |
| Total federal loans (one year) | $0 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Selma University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,400 |
| 25th percentile | $4,000 |
| 75th percentile | $11,375 |
| 90th percentile (highest-debt students) | $21,900 |
How wide this percentile range is tells you how much borrowing varies across students at Selma University.
The indicators below describe what the typical debt costs to pay back at Selma University.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Selma University follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.9% |
| Borrowers in the cohort | 43 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Subsidized vs. 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.
Did You Know?
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.