by our College Data Analytics TeamHere you will find what students actually borrow to attend Mayfield College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Mayfield College, 94% of incoming undergraduates borrow in year one, borrowing on average $7,427 each, across private and federal loan sources.
The average federal loan is $6,761. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at Mayfield College (freshmen included), 93% use federal student loans to help pay for their education, borrowing on average $7,248 annually. This works out to 7.2% more than the freshman federal average of $6,761.
Borrowing the same amount each year would add up to roughly $14,496 over two years and about $28,992 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 93% |
| Average federal loan per year | $7,248 |
| Undergraduates with a federal loan | 509 |
| Total federal loans (one year) | $3,689,079 |
The median student at Mayfield College borrows $9,025 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,025 |
| Students who completed (graduates) | $9,025 |
| Students who withdrew | $4,513 |
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 Mayfield College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,077 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Mayfield College.
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 Mayfield College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 153 | $4,200 |
| Completed (graduates) | 120 | $4,300 |
| Did not complete | 33 | $2,269 |
On a standard 10-year plan, the median completing borrower would pay about $51.13/mo.
The indicators below describe what the typical debt costs to pay back at Mayfield College.
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 Mayfield College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.1% |
| Borrowers in the cohort | 271 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $9,025 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,255 |
| Independent students | $9,025 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Mayfield College.
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?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.