by our College Data Analytics TeamHow much debt will I have to take on to pay for Patrick Henry College, and how easily will I pay it off? Keep scrolling down the page for answers.
At Patrick Henry College, 17.0% of incoming students take out a loan to help defray freshman year costs, averaging $15,551 a piece. This amount includes both private and federally-funded student loans.
The first-year limit for federal loans is $5,500* for the typical first-year dependent student.
Unlike the data shown for freshmen, average undergraduate student loan amounts do not include private loans. In addition to unreported parent loans, this can increase the average amount borrowed significantly.
We cannot report the average loan amounts for undergraduates attending Patrick Henry College, as that information is not available to us.
We were planning to provide you with the loan default rate at Patrick Henry College and compare it to the national average of 9.3%, but unfortunately, that information is not available to us.
Declaring bankruptcy does not remove student loan debt owed to the Federal government. They can garnish part of your income if you do not pay back your loans.