by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Wade College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Wade College, 69% of freshmen borrow to help pay for their first year, borrowing on average $7,459 per student, private and federal loans combined.
The typical federal loan comes to $7,459. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Wade College, 79% use federal student loans to help pay for their education, averaging $8,594 per year. This is 15.2% above the $7,459 borrowed by freshmen.
At a steady annual pace, that totals around $17,188 after two years and $34,376 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 | 79% |
| Average federal loan per year | $8,594 |
| Undergraduates with a federal loan | 161 |
| Total federal loans (one year) | $1,383,558 |
Graduating and withdrawing students at Wade College carry a median federal debt of $14,608 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,608 |
| Students who completed (graduates) | $22,938 |
| Students who withdrew | $8,500 |
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 Wade College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $30,500 |
| 90th percentile (highest-debt students) | $43,687 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Wade College.
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 Wade College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 42 | $15,744 |
| Completed (graduates) | 21 | $17,000 |
| Did not complete | 21 | $11,622 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $202.15/mo.
These figures turn the debt totals into a monthly repayment picture for Wade College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Wade College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.0% |
| Borrowers in the cohort | 181 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,250 |
| Middle income | $17,973 |
| High income | $12,250 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,250 |
| Continuing-generation students | $17,426 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,939 |
| Independent students | $14,250 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Wade College.
Subsidized vs. 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?
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.