by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Tabor 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.
Among first-year students at Tabor, 62% of first-year students take on loan debt, borrowing on average $6,241 each, across private and federal loan sources.
The average federal loan is $5,292, equal to roughly 96.2% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Tabor, 64% take out federal student loans, with a mean of $6,435 annually. This is 21.6% above the $5,292 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $12,870 after two years and $25,740 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $6,435 |
| Undergraduates with a federal loan | 345 |
| Total federal loans (one year) | $2,219,939 |
The middle borrower at Tabor owes $14,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,000 |
| Students who completed (graduates) | $23,887 |
| Students who withdrew | $12,000 |
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 Tabor.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,334 |
| 75th percentile | $24,750 |
| 90th percentile (highest-debt students) | $31,834 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Tabor.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Tabor.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 146 | $17,536 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Tabor.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Tabor is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.0% |
| Borrowers in the cohort | 222 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $15,000 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,250 |
| Continuing-generation students | $17,125 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,500 |
| Independent students | $20,817 |
Federal data publishes the following gap measures for Tabor.
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.