by our College Data Analytics TeamThis page focuses on the debt students take on to attend Toccoa Falls College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Toccoa Falls, 63% of incoming undergraduates borrow in year one, averaging $6,558 each, across private and federal loan sources.
The typical federal loan comes to $5,079, representing 92.3% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Toccoa Falls (freshmen included), 58% rely on federal student loans toward their education, at an average of $6,337 annually. It comes to 24.8% more than the freshman federal average of $5,079.
Carrying that yearly figure forward comes to roughly $12,674 over two years and about $25,348 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $6,337 |
| Undergraduates with a federal loan | 477 |
| Total federal loans (one year) | $3,022,953 |
Graduating and withdrawing students at Toccoa Falls carry a median federal debt of $11,067 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,067 |
| Students who completed (graduates) | $22,250 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Toccoa Falls.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,500 |
| 75th percentile | $25,500 |
| 90th percentile (highest-debt students) | $34,038 |
How wide this percentile range is tells you how much borrowing varies across students at Toccoa Falls.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Toccoa Falls.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 148 | $14,703 |
| Completed (graduates) | 60 | $24,651 |
| Did not complete | 88 | $12,071 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $293.13/mo.
These figures turn the debt totals into a monthly repayment picture for Toccoa Falls.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Toccoa Falls appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.8% |
| Borrowers in the cohort | 234 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $12,000 |
| High income | $12,867 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,524 |
| Continuing-generation students | $14,463 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $12,701 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Toccoa Falls.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.