by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Stillman College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Stillman College, 76% of incoming undergraduates borrow in year one, for an average of $6,774 per borrower, covering both private and federal loans.
On the federal side, the average loan is $6,266. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Stillman College, 68% borrow through federal student loan programs, for a typical $6,642 annually. This works out to 6.0% more than the $6,266 typical freshmen borrow.
Repeating that yearly amount projects to about $13,284 across two years and $26,568 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 | 68% |
| Average federal loan per year | $6,642 |
| Undergraduates with a federal loan | 520 |
| Total federal loans (one year) | $3,453,780 |
The median student at Stillman College borrows $16,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,000 |
| Students who completed (graduates) | $29,067 |
| Students who withdrew | $13,000 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Stillman College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $27,011 |
| 90th percentile (highest-debt students) | $41,000 |
How wide this percentile range is tells you how much borrowing varies across students at Stillman College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Stillman College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 239 | $13,513 |
| Completed (graduates) | 41 | $15,500 |
| Did not complete | 198 | $13,275 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $184.31/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Stillman College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 229 | — |
| No Stafford loan this year | 10 | — |
The indicators below describe what the typical debt costs to pay back at Stillman College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Stillman College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.9% |
| Borrowers in the cohort | 414 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $16,375 |
| Middle income | $14,250 |
| High income | $20,344 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,000 |
| Continuing-generation students | $16,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $17,721 |
Federal data publishes the following gap measures for Stillman 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
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.