by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Washburn University, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Washburn University, 35% of incoming students take out a loan to help cover first-year costs, for an average of $5,901 each, across private and federal loan sources.
The average federally funded loan is $5,102, amounting to 92.8% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Washburn University, freshmen included, 37% finance part of their studies with federal loans, for a typical $6,665 per year. That amounts to 30.6% greater than the $5,102 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $13,330 across two years and $26,660 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 37% |
| Average federal loan per year | $6,665 |
| Undergraduates with a federal loan | 1,527 |
| Total federal loans (one year) | $10,177,329 |
The median student at Washburn University borrows $12,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,500 |
| Students who completed (graduates) | $18,127 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Washburn University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,769 |
| 25th percentile | $5,500 |
| 75th percentile | $25,000 |
| 90th percentile (highest-debt students) | $39,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Washburn University.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Washburn University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 779 | $12,993 |
| Completed (graduates) | 422 | $13,741 |
| Did not complete | 357 | $12,500 |
On a standard 10-year plan, the median completing borrower would pay about $163.4/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 Washburn University.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 761 | — |
| No Stafford loan | 18 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 655 | $13,000 |
| No Stafford loan this year | 124 | $12,609 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Washburn University.
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 Washburn University follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.9% |
| Borrowers in the cohort | 2230 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $12,500 |
| High income | $13,000 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $12,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,250 |
| Independent students | $13,579 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Washburn University.
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
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.