Loan repayment information

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:

Valpo's default rate is calculated at 3.6% compared with a national average of 13.4%.
Just under three-fourths of Valpo students borrow while in school. Valpo undergraduate borrowers graduating in December 2013 and May 2014 had an average debt of about $35,400, resulting in a 10-year monthly payment of about $400/month at today's interest rates.  (These averages are based on federal, private, and institutional loans borrowed.)

The average debt based on Academic College is as follows:

 Undergraduate College

        % who borrowed

      Average Debt
 Arts & Sciences  75% $33,603
 Business  69%  $36,938
 Engineering  65%  $31,567
 Nursing  78%  $40,848

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