by our College Data Analytics TeamHere you will find what students actually borrow to attend University of Evansville: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
For incoming students at UE, 47% of incoming students take out a loan to help cover first-year costs, for an average of $8,556 per student, private and federal loans combined.
The typical federal loan comes to $5,148, representing 93.6% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at UE (freshmen included), 49% finance part of their studies with federal loans, averaging $6,544 per year. That is 27.1% above the $5,148 freshmen take on.
Borrowing at that rate every year works out to about $13,088 after two years and $26,176 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 49% |
| Average federal loan per year | $6,544 |
| Undergraduates with a federal loan | 717 |
| Total federal loans (one year) | $4,691,735 |
The middle borrower at UE owes $19,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,000 |
| Students who completed (graduates) | $24,606 |
| Students who withdrew | $9,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for UE.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,475 |
| 25th percentile | $9,121 |
| 75th percentile | $29,000 |
| 90th percentile (highest-debt students) | $38,000 |
How wide this percentile range is tells you how much borrowing varies across students at UE.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at UE.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 277 | $23,743 |
| Completed (graduates) | 167 | $26,848 |
| Did not complete | 110 | $21,250 |
On a standard 10-year plan, the median completing borrower would pay about $319.25/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at UE.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 264 | — |
| No Stafford loan this year | 13 | — |
These figures turn the debt totals into a monthly repayment picture for UE.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for UE appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.4% |
| Borrowers in the cohort | 586 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $15,087 |
| Middle income | $19,000 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,500 |
| Continuing-generation students | $19,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $16,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at UE.
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.
Important to Remember
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.