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Most students take out loans to pay a portion of their school bill. Weigh your options to make sure you can manage the loans you borrow.

Refer to your financial aid offer to see what loans you're eligible to borrow.

Which loan is best for you?

Compare the educational loan programs to find the best loan based on your eligibility.

Direct Subsidized Loans Direct Unsubsidized Loans Direct PLUS Loans Private Loans
Borrower Student Student Parent of dependent students only Student (may require credit-worthy cosigner)




Make payments while in school? No Interest accrues. Optional in-school payment. Yes Interest accrues. Some require interest payments while in school.
Interest rate




Repayment Up to 10 years Up to 10 years Up to 10 years Varies (10+ years)
Bethel's advice

1st choice

2nd choice Compare benefits to see if it's the best option. Compare benefits of each to find the best option.
More info Subsidized Loans Unsubsidized Loans PLUS Loans Private Loans

What's the average student loan debt?

The average student loan debt of borrowers who graduated from Bethel's College of Adult & Professional Studies between July 1, 2022, and June 30, 2023, was $28,220. Assuming a 6.8% interest rate and 10 years to repay their loans, average undergrad students borrowers will make monthly loan payments of about $323. Default rates were significantly impacted by the dederal payment pause. During the pause, borrowers were not required to make payments and no ED-held loans entered default. Thus, the most recent Bethel and National Cohort default rates both were 0%.

How much should you borrow?

It’s important to avoid borrowing more than you’ll be able to repay after graduation. A reasonable monthly student loan payment would be 8-10% of your monthly income.

Check out the Budgeting and Loan Repayment Calculator information offered by the U.S. Department of Education. Theses are good tools to help you plan your expenses and loan debt.

Take a look at this chart based on a 10-year repayment period to see what your monthly payments could look like. Payments reflect a 6.8% interest rate.

Sample loan repayment:

Amount Borrowed Estimated Monthly Payment
$3,500 $50
$5,500 $63
$7,500 $86
$10,500 $121
$15,000 $173
$18,500 $213
$23,000 $265
$31,000 $357
$40,000 $460
$50,000 $575
$60,000 $690
$65,500 $754
$80,000 $920
$100,000 $1,151
$138,500 $1,594