According to the National Center for Education Statistics (NCES), in 2019-2020 1,412 (or 53%) of our full-time, first-time students borrowed some amount of educational loans to help pay for school. Of these, 1,366 (or 52%) borrowed from the Federal Direct loan program, while 294 (or 11%) borrowed from other student loan sources.
Of all undergraduate students, 8,122 (or about 41%) borrowed federal student loans to help pay for school.
According to internal data, undergraduate borrowers (those who graduated with any level of student loan debt) who graduated in 2020-2021 did so with an average Federal Direct loan obligation of $23,261.
Looking at post-graduation, Missouri State University's official 3-year cohort default rate (CDR), based on student borrowers who went into repayment in FY2018, is 3.9%. In FY2017 and FY2016 the university's default rates were 6.6% and 5.6%, respectively.
The FY2018 national cohort default rate is 7.3%. The Department released a summary of the FY 2018 official cohort default rates by institution type.