by our College Data Analytics TeamThis page focuses on the debt students take on to attend University of Providence, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At University of Providence specifically, 54% of incoming students take out a loan to help cover first-year costs, with a typical loan of $8,719 per student, private and federal loans combined.
The average federal loan is $6,827. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at University of Providence, 48% take out federal student loans, borrowing on average $8,375 annually. That is 22.7% larger than the $6,827 freshmen take on.
At a steady annual pace, that totals around $16,750 across two years and $33,500 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $8,375 |
| Undergraduates with a federal loan | 271 |
| Total federal loans (one year) | $2,269,657 |
The middle borrower at University of Providence owes $12,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,500 |
| Students who completed (graduates) | $18,750 |
| Students who withdrew | $5,875 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at University of Providence.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,743 |
| 75th percentile | $28,500 |
| 90th percentile (highest-debt students) | $37,750 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at University of Providence.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at University of Providence.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 127 | $10,656 |
| Completed (graduates) | 65 | $10,000 |
| Did not complete | 62 | $13,829 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $118.91/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 University of Providence.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 79 | $12,571 |
| No Stafford loan this year | 48 | $9,584 |
The indicators below describe what the typical debt costs to pay back at University of Providence.
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 University of Providence is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.2% |
| Borrowers in the cohort | 277 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,407 |
| Middle income | $14,250 |
| High income | $10,076 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $11,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,250 |
| Independent students | $12,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at University of Providence.
The Difference Between 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.
Important to Remember
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.