by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Shawnee State University, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Shawnee State University, 49% of incoming students take out a loan to help cover first-year costs, with a typical loan of $6,631 each, across private and federal loan sources.
The typical federal loan comes to $5,006, amounting to 91.0% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Shawnee State University, 50% use federal student loans to help pay for their education, averaging $6,240 per year. This is 24.7% greater than the freshman federal average of $5,006.
Borrowing the same amount each year would add up to roughly $12,480 across two years and $24,960 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 | 50% |
| Average federal loan per year | $6,240 |
| Undergraduates with a federal loan | 1,151 |
| Total federal loans (one year) | $7,182,632 |
Graduating and withdrawing students at Shawnee State University carry a median federal debt of $12,885 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,885 |
| Students who completed (graduates) | $23,000 |
| Students who withdrew | $7,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Shawnee State University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $24,500 |
| 90th percentile (highest-debt students) | $36,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Shawnee State University.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Shawnee State University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 430 | $15,092 |
| Completed (graduates) | 204 | $17,366 |
| Did not complete | 226 | $13,163 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $206.5/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Shawnee State University.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 392 | $14,976 |
| No Stafford loan this year | 38 | $17,879 |
The indicators below describe what the typical debt costs to pay back at Shawnee State University.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Shawnee State University follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.4% |
| Borrowers in the cohort | 1559 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,216 |
| Middle income | $12,950 |
| High income | $12,034 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,000 |
| Continuing-generation students | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $16,850 |
Federal data publishes the following gap measures for Shawnee State University.
The Difference Between Subsidized and 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.
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.