by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Taylor College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Taylor College, 100% of new students use loans toward freshman-year expenses, with a typical loan of $11,844 each — a figure that counts both private and federal student loans.
The average federal loan is $11,844. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Taylor College, 84% use federal student loans to help pay for their education, at an average of $10,070 in federal loans per year. This works out to 15.0% lower than the $11,844 freshmen take on.
Repeating that yearly amount projects to about $20,140 by year two and around $40,280 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 84% |
| Average federal loan per year | $10,070 |
| Undergraduates with a federal loan | 187 |
| Total federal loans (one year) | $1,883,114 |
Graduating and withdrawing students at Taylor College carry a median federal debt of $19,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,000 |
| Students who completed (graduates) | $26,250 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Taylor College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,438 |
| 75th percentile | $25,687 |
| 90th percentile (highest-debt students) | $30,500 |
How wide this percentile range is tells you how much borrowing varies across students at Taylor College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Taylor College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 20 | $6,400 |
The indicators below describe what the typical debt costs to pay back at Taylor College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Taylor College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.2% |
| Borrowers in the cohort | 62 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $19,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $19,000 |
Federal data publishes the following gap measures for Taylor 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.
Did You Know?
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.