by our College Data Analytics TeamHere you will find what students actually borrow to attend Ursuline College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Ursuline College, 97% of incoming undergraduates borrow in year one, at roughly $4,552 each, across private and federal loan sources.
The average federally funded loan is $4,403, equal to roughly 80.1% of the typical first-year dependent student borrowing cap of $5,500. 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 Ursuline College (freshmen included), 86% use federal student loans to help pay for their education, borrowing on average $6,195 a year. That is 40.7% larger than the first-year federal average of $4,403.
Repeating that yearly amount projects to about $12,390 over two years and about $24,780 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 86% |
| Average federal loan per year | $6,195 |
| Undergraduates with a federal loan | 543 |
| Total federal loans (one year) | $3,364,050 |
Graduating and withdrawing students at Ursuline College carry a median federal debt of $21,938 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $21,938 |
| Students who completed (graduates) | $26,250 |
| Students who withdrew | $8,711 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Ursuline College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,528 |
| 75th percentile | $33,187 |
| 90th percentile (highest-debt students) | $43,671 |
How wide this percentile range is tells you how much borrowing varies across students at Ursuline College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Ursuline College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 205 | $19,314 |
| Completed (graduates) | 128 | $22,449 |
| Did not complete | 77 | $13,000 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $266.94/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Ursuline College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 165 | $19,016 |
| No Stafford loan this year | 40 | $21,115 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Ursuline College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Ursuline College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.6% |
| Borrowers in the cohort | 491 |
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 | $25,000 |
| Middle income | $20,306 |
| High income | $20,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,938 |
| Continuing-generation students | $22,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,000 |
| Independent students | $25,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Ursuline College.
Subsidized and 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
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.