by our College Data Analytics TeamThis page focuses on the debt students take on to attend Snow College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Snow College, 20% of incoming undergraduates borrow in year one, borrowing on average $5,025 per student, private and federal loans combined.
The average federally funded loan is $5,025, amounting to 91.4% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Snow College (freshmen included), 19% borrow through federal student loan programs, borrowing on average $5,451 per year. It comes to 8.5% higher than the $5,025 typical freshmen borrow.
At a steady annual pace, that totals around $10,902 after two years and $21,804 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 19% |
| Average federal loan per year | $5,451 |
| Undergraduates with a federal loan | 658 |
| Total federal loans (one year) | $3,586,543 |
The median student at Snow College borrows $4,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,500 |
| Students who completed (graduates) | $7,000 |
| Students who withdrew | $3,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Snow College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $1,990 |
| 75th percentile | $6,725 |
| 90th percentile (highest-debt students) | $9,250 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Snow 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 Snow College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 31 | $9,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Snow College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Snow College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.4% |
| Borrowers in the cohort | 509 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $4,900 |
| Middle income | $3,935 |
| High income | $4,300 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,500 |
| Continuing-generation students | $4,394 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,746 |
| Independent students | $5,815 |
Federal data publishes the following gap measures for Snow College.
Subsidized vs. 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
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.