by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Veritas Baptist 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.
At VBC specifically, 22% of incoming undergraduates borrow in year one, averaging $2,750 per borrower, covering both private and federal loans.
The average federally funded loan is $2,750, amounting to 50.0% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. 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 VBC (freshmen included), 9% take out federal student loans, with a mean of $3,316 per year. That amounts to 20.6% larger than the freshman federal average of $2,750.
Borrowing the same amount each year would add up to roughly $6,632 after two years and $13,264 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 9% |
| Average federal loan per year | $3,316 |
| Undergraduates with a federal loan | 11 |
| Total federal loans (one year) | $36,481 |
The middle borrower at VBC owes $11,783 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,783 |
The indicators below describe what the typical debt costs to pay back at VBC.
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.
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.