by our College Data Analytics TeamHere you will find what students actually borrow to attend Wayland Baptist University— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Among first-year students at Wayland Baptist University, 71% of incoming students take out a loan to help cover first-year costs, with a typical loan of $7,331 per borrower, covering both private and federal loans.
The typical federal loan comes to $5,308, which is 96.5% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Wayland Baptist University, 52% borrow through federal student loan programs, borrowing on average $7,214 a year. That is 35.9% greater than the $5,308 freshmen take on.
At a steady annual pace, that totals around $14,428 across two years and $28,856 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 52% |
| Average federal loan per year | $7,214 |
| Undergraduates with a federal loan | 1,080 |
| Total federal loans (one year) | $7,790,941 |
The middle borrower at Wayland Baptist University owes $15,467 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,467 |
| Students who completed (graduates) | $23,106 |
| Students who withdrew | $10,000 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Wayland Baptist University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $5,500 |
| 75th percentile | $23,664 |
| 90th percentile (highest-debt students) | $33,221 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Wayland Baptist University.
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 Wayland Baptist University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 368 | $11,441 |
| Completed (graduates) | 141 | $12,820 |
| Did not complete | 227 | $11,043 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $152.44/mo.
Federal data lets us separate Stafford borrowers from the rest at Wayland Baptist University.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 306 | $12,325 |
| No Stafford loan this year | 62 | $7,749 |
These figures turn the debt totals into a monthly repayment picture for Wayland Baptist University.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Wayland Baptist University follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.2% |
| Borrowers in the cohort | 1113 |
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 | $16,445 |
| Middle income | $15,244 |
| High income | $12,750 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,625 |
| Continuing-generation students | $14,461 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,277 |
| Independent students | $17,500 |
Federal data publishes the following gap measures for Wayland Baptist University.
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?
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.