by our College Data Analytics TeamBelow is federal data on the loans students use to pay for CET, Oxnard: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Looking at the entering class at CET, Oxnard, 9% of new students use loans toward freshman-year expenses, averaging $5,584 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $5,584. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at CET, Oxnard, freshmen included, 11% rely on federal student loans toward their education, with a mean of $6,891 a year. That is 23.4% larger than the $5,584 typical freshmen borrow.
At a steady annual pace, that totals around $13,782 after two years and $27,564 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 11% |
| Average federal loan per year | $6,891 |
| Undergraduates with a federal loan | 16 |
| Total federal loans (one year) | $110,256 |
Graduating and withdrawing students at CET, Oxnard carry a median federal debt of $6,729 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,729 |
| Students who completed (graduates) | $7,041 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for CET, Oxnard.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,140 |
| 25th percentile | $4,767 |
| 75th percentile | $8,042 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at CET, Oxnard.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at CET, Oxnard.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 215 | $5,192 |
| Completed (graduates) | 177 | $5,308 |
| Did not complete | 38 | $3,677 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $63.12/mo.
Federal data lets us separate Stafford borrowers from the rest at CET, Oxnard.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 200 | — |
| No Stafford loan this year | 15 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. CET, Oxnard.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for CET, Oxnard follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.9% |
| Borrowers in the cohort | 1992 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,777 |
| Middle income | $6,650 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,729 |
| Continuing-generation students | $6,246 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,582 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at CET, Oxnard.
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Did You Know?
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.