by our College Data Analytics TeamHere you will find what students actually borrow to attend Sullivan University, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Sullivan University specifically, 79% of first-year students take on loan debt, with a typical loan of $10,986 per borrower, covering both private and federal loans.
Federal loans alone average $10,823. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Sullivan University, 62% borrow through federal student loan programs, for a typical $11,173 per year. That is 3.2% more than the $10,823 freshmen take on.
Repeating that yearly amount projects to about $22,346 after two years and $44,692 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 62% |
| Average federal loan per year | $11,173 |
| Undergraduates with a federal loan | 1,578 |
| Total federal loans (one year) | $17,630,259 |
Graduating and withdrawing students at Sullivan University carry a median federal debt of $10,688 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,688 |
| Students who completed (graduates) | $20,000 |
| Students who withdrew | $6,334 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Sullivan University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,162 |
| 25th percentile | $4,750 |
| 75th percentile | $23,620 |
| 90th percentile (highest-debt students) | $37,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Sullivan University.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Sullivan University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 659 | $13,466 |
| Completed (graduates) | 367 | $16,304 |
| Did not complete | 292 | $11,227 |
On a standard 10-year plan, the median completing borrower would pay about $193.87/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 Sullivan University.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 644 | — |
| No Stafford loan | 15 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 595 | $14,341 |
| No Stafford loan this year | 64 | $10,512 |
The indicators below describe what the typical debt costs to pay back at Sullivan University.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Sullivan University is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.0% |
| Borrowers in the cohort | 2918 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $12,635 |
| High income | $11,081 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,727 |
| Continuing-generation students | $10,544 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $12,358 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Sullivan University.
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.
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.