by our College Data Analytics TeamThis page focuses on the debt students take on to attend Carrington College, Portland— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Carrington College, Portland, 83% of incoming students take out a loan to help cover first-year costs, borrowing on average $7,475 each, across private and federal loan sources.
The average federal loan is $7,218. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Carrington College, Portland (freshmen included), 68% borrow through federal student loan programs, at an average of $5,816 per year. This works out to 19.4% less than the $7,218 typical freshmen borrow.
Borrowing at that rate every year works out to about $11,632 across two years and $23,264 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $5,816 |
| Undergraduates with a federal loan | 330 |
| Total federal loans (one year) | $1,919,425 |
The middle borrower at Carrington College, Portland owes $8,615 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,615 |
| Students who completed (graduates) | $9,295 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Carrington College, Portland.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,130 |
| 75th percentile | $10,724 |
| 90th percentile (highest-debt students) | $13,181 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Carrington College, Portland.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Carrington College, Portland.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 78 | $7,083 |
| Completed (graduates) | 59 | $7,365 |
| Did not complete | 19 | $5,720 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $87.58/mo.
These figures turn the debt totals into a monthly repayment picture for Carrington College, Portland.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Carrington College, Portland is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.0% |
| Borrowers in the cohort | 1424 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,844 |
| Middle income | $7,913 |
| High income | $6,313 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,549 |
| Continuing-generation students | $8,968 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,313 |
| Independent students | $9,477 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Carrington College, Portland.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.