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University of Virginia's College at Wise

Chart (B) | How much debt do students need to take on to cover net price?



RateAnnual Growth 3
Net Price1-3.6%
Annual borrowing per FTE-7.4%


RateAnnual Growth 3Total Growth
Inflation (HEPI)42.9%33%
Inflation (CPI)2.7%31%
Net price1 vs. annual borrowing per full-time equivalents (FTE)2 (2013-2023)


Measure2013-142014-152015-162016-172017-182018-192019-202020-212021-222022-232023-24
Total Annual Borrowing$7.1M$6.0M$6.3M$6.3M$5.5M$5.1M$4.3M$3.4M$3.3M$3.0M$3.0M
Annual FTE1,8001,7791,6551,6451,5621,5501,5291,5621,5031,4971,634
Percentage of students borrowing558%56%56%57%52%51%45%37%35%32%28%


1.Starting with 2023-24, net price was derived by average budget minus average gift aid from the SCHEV financial aid file. Prior to 2023-24, net price came from IPEDS.
2. Determined as total annual borrowing (e.g., private Perkins , Stafford, Plus loans) divided by annualized FTE
3. "Annual growth" calculated as compound annual growth rate (CAGR)
4. Determined as annual growth in Higher Education Price Index over period
5. Determined as the number of students with loans divided by total reported enrollment; excludes non degree, unclassified, and certificate programs; only includes associate, bachelor's, master's, first professional, and doctor's degree programs
Source: Data from SCHEV Research Center Financial Aid Report FA19C: Trends in Annual Borrowing Per Annualized Student FTE; IPEDS