Sensible borrowing cannot only help you pay for college, but also helps you establish a good credit history. Similarly, not making your regular payments can result in a poor credit rating or even default. Valpo students have been responsible borrowers. Here are a few facts:

For the past four years, Valpo's default rate has only been 1.6% or less compared with a national average of 6.7%.
Just under three-fourths of Valpo students borrow while in school. Valpo undergraduate borrowers graduating in May 2009 had an average debt of about $31,700, resulting in a 10-year monthly payment of about $365/month at today's interest rates.

The average debt based on College is as follows:

To try out specific loan payment scenarios, use this link:
Loan Payment Calculator