Student Borrowing and Repayment
The information presented below is provided to help prospective students make an informed decision with regard to financing seminary education. Typical student indebtedness upon graduation is presented together with information about the ability of students to repay student loans upon leaving the seminary (whether through graduation or withdrawal). Loan repayment is measured by the cohort default rate. The most recent rate for Westminster is expressed below.
The tables below represent average Stafford loan debt incurred by students attending Westminster or other seminaries who graduated in Spring 2015.
Mean Average Total Educational Debt Incurred While Attending Westminster
*Excluding DMin and Certificate Programs
The mean loan debt accumulated by M.Div. graduates in 2015 was $18,865. The standard repayment terms for
Debt Incurred at Seminary - Percentage of 2015 Graduates
Stafford Loan Cohort Default Rates
The "default rates" expressed below represent the percentage of students who have defaulted on their loans (stopped loan repayment) within three years of starting repayment. Students included in the 2012 three year cohort were those who entered loan repayment between October 1, 2011 and September 30, 2012. The percentage of students who subsequently defaulted three years after entering repayment is expressed below.