by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Nelson University, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Southwestern Assemblies of God University, 65% of incoming undergraduates borrow in year one, for an average of $6,755 each — a figure that counts both private and federal student loans.
The average federally funded loan is $5,011, representing 91.1% of the typical first-year dependent student borrowing cap of $5,500. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Southwestern Assemblies of God University, 63% finance part of their studies with federal loans, for a typical $6,591 annually. It comes to 31.5% more than the first-year federal average of $5,011.
Carrying that yearly figure forward comes to roughly $13,182 across two years and $26,364 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $6,591 |
| Undergraduates with a federal loan | 866 |
| Total federal loans (one year) | $5,707,557 |
Graduating and withdrawing students at Southwestern Assemblies of God University carry a median federal debt of $14,750 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,750 |
| Students who completed (graduates) | $24,725 |
| Students who withdrew | $8,250 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Southwestern Assemblies of God University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $26,500 |
| 90th percentile (highest-debt students) | $39,500 |
How wide this percentile range is tells you how much borrowing varies across students at Southwestern Assemblies of God University.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Southwestern Assemblies of God University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 367 | $17,600 |
| Completed (graduates) | 185 | $20,475 |
| Did not complete | 182 | $15,035 |
On a standard 10-year plan, the median completing borrower would pay about $243.47/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 Southwestern Assemblies of God University.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 353 | — |
| No Stafford loan this year | 14 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Southwestern Assemblies of God University.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Southwestern Assemblies of God University is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.9% |
| Borrowers in the cohort | 637 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $14,250 |
| Middle income | $14,995 |
| High income | $15,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,963 |
| Continuing-generation students | $14,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,000 |
| Independent students | $16,634 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Southwestern Assemblies of God University.
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.
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.