by our College Data Analytics TeamBelow is federal data on the loans students use to pay for St Philip’s College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At St Philip’s College specifically, 2% of new students use loans toward freshman-year expenses, averaging $4,408 each — a figure that counts both private and federal student loans.
The average federal loan is $4,408, or about 80.1% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at St Philip’s College, freshmen included, 3% take out federal student loans, for a typical $6,353 per year. This works out to 44.1% greater than the freshman federal average of $4,408.
Borrowing at that rate every year works out to about $12,706 over two years and about $25,412 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 3% |
| Average federal loan per year | $6,353 |
| Undergraduates with a federal loan | 356 |
| Total federal loans (one year) | $2,261,559 |
Graduating and withdrawing students at St Philip’s College carry a median federal debt of $7,250 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,250 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $6,188 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 St Philip’s College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,500 |
| 75th percentile | $14,250 |
| 90th percentile (highest-debt students) | $25,250 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at St Philip’s College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at St Philip’s College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 271 | $10,287 |
| Completed (graduates) | 49 | $9,623 |
| Did not complete | 222 | $10,628 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $114.43/mo.
Federal data lets us separate Stafford borrowers from the rest at St Philip’s College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 44 | $9,572 |
| No Stafford loan this year | 227 | $10,595 |
These figures turn the debt totals into a monthly repayment picture for St Philip’s College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for St Philip’s College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.6% |
| Borrowers in the cohort | 787 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,000 |
| Middle income | $7,890 |
| High income | $4,000 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,251 |
| Continuing-generation students | $6,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at St Philip’s College.
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.
Worth Knowing
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.