by our College Data Analytics TeamThis page focuses on the debt students take on to attend Voorhees University: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Voorhees College specifically, 50% of incoming undergraduates borrow in year one, for an average of $5,034 per student, private and federal loans combined.
The average federally funded loan is $4,886, representing 88.8% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Voorhees College, freshmen included, 56% borrow through federal student loan programs, with a mean of $5,726 annually. That is 17.2% more than the freshman federal average of $4,886.
Repeating that yearly amount projects to about $11,452 across two years and $22,904 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 | 56% |
| Average federal loan per year | $5,726 |
| Undergraduates with a federal loan | 257 |
| Total federal loans (one year) | $1,471,490 |
The middle borrower at Voorhees College owes $15,245 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,245 |
| Students who completed (graduates) | $26,700 |
| Students who withdrew | $9,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Voorhees College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,325 |
| 25th percentile | $5,500 |
| 75th percentile | $28,388 |
| 90th percentile (highest-debt students) | $39,500 |
How wide this percentile range is tells you how much borrowing varies across students at Voorhees College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Voorhees College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 106 | $11,748 |
| Completed (graduates) | 41 | $12,258 |
| Did not complete | 65 | $10,688 |
On a standard 10-year plan, the median completing borrower would pay about $145.76/mo.
The indicators below describe what the typical debt costs to pay back at Voorhees College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Voorhees College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.5% |
| Borrowers in the cohort | 329 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $16,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,937 |
| Continuing-generation students | $19,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,300 |
| Independent students | $17,802 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Voorhees College.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
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.