by our College Data Analytics TeamThis page focuses on the debt students take on to attend Southwestern Christian College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At Southwestern Christian College, 26% of new students use loans toward freshman-year expenses, borrowing on average $3,032 per borrower, covering both private and federal loans.
Federal loans alone average $3,032, amounting to 55.1% 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.
Looking at all undergraduates at Southwestern Christian College, freshmen included, 52% rely on federal student loans toward their education, with a mean of $6,485 per year. That is 113.9% higher than the freshman federal average of $3,032.
Borrowing the same amount each year would add up to roughly $12,970 after two years and $25,940 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 52% |
| Average federal loan per year | $6,485 |
| Undergraduates with a federal loan | 67 |
| Total federal loans (one year) | $434,500 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Southwestern Christian College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,250 |
| 75th percentile | $9,308 |
The indicators below describe what the typical debt costs to pay back at Southwestern Christian College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Southwestern Christian College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.6% |
| Borrowers in the cohort | 73 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Subsidized and 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.