by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Wright State University-Lake Campus— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
For incoming students at Wright State University - Lake Campus, 32% of incoming undergraduates borrow in year one, with a typical loan of $5,551 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,231, representing 95.1% of the $5,500 cap on first-year federal borrowing for the 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 Wright State University - Lake Campus, 34% borrow through federal student loan programs, borrowing on average $6,314 each per year. This is 20.7% above the $5,231 freshmen take on.
Repeating that yearly amount projects to about $12,628 after two years and $25,256 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 34% |
| Average federal loan per year | $6,314 |
| Undergraduates with a federal loan | 333 |
| Total federal loans (one year) | $2,102,508 |
The median student at Wright State University - Lake Campus borrows $15,854 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,854 |
| Students who completed (graduates) | $22,750 |
| Students who withdrew | $8,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Wright State University - Lake Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $5,500 |
| 75th percentile | $26,000 |
| 90th percentile (highest-debt students) | $38,730 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Wright State University - Lake Campus.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Wright State University - Lake Campus.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1370 | $12,699 |
| Completed (graduates) | 784 | $14,381 |
| Did not complete | 586 | $10,827 |
On a standard 10-year plan, the median completing borrower would pay about $171.01/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Wright State University - Lake Campus.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1355 | — |
| No Stafford loan | 15 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 1168 | $12,063 |
| No Stafford loan this year | 202 | $15,178 |
These figures turn the debt totals into a monthly repayment picture for Wright State University - Lake Campus.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Wright State University - Lake Campus follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.5% |
| Borrowers in the cohort | 4689 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $17,500 |
| Middle income | $14,800 |
| High income | $15,612 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,395 |
| Continuing-generation students | $15,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $20,832 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Wright State University - Lake Campus.
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.
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.