by our College Data Analytics TeamHere you will find what students actually borrow to attend Midland College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at Midland College, 3% of new students use loans toward freshman-year expenses, for an average of $4,215 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $4,174, amounting to 75.9% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Midland College (freshmen included), 2% take out federal student loans, averaging $6,146 per year. It comes to 47.2% higher than the $4,174 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $12,292 over two years and about $24,584 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 2% |
| Average federal loan per year | $6,146 |
| Undergraduates with a federal loan | 111 |
| Total federal loans (one year) | $682,203 |
The middle borrower at Midland College owes $6,300 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,300 |
| Students who completed (graduates) | $10,670 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Midland College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,500 |
| 75th percentile | $8,250 |
| 90th percentile (highest-debt students) | $13,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Midland College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Midland College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 360 | $22,711 |
Federal data lets us separate Stafford borrowers from the rest at Midland College.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 339 | $23,821 |
| No Stafford loan | 21 | $13,470 |
These figures turn the debt totals into a monthly repayment picture for Midland College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Midland College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.9% |
| Borrowers in the cohort | 91 |
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 | $6,400 |
| Middle income | $6,900 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,175 |
| Continuing-generation students | $6,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,960 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Midland College.
Subsidized vs. 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.
Worth Knowing
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.