by our College Data Analytics TeamBelow is federal data on the loans students use to pay for University of Connecticut-Waterbury Campus— 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.
For incoming students at University of Connecticut-Waterbury, 36% of new students use loans toward freshman-year expenses, at roughly $6,322 per student, private and federal loans combined.
The typical federal loan comes to $5,001, or about 90.9% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at University of Connecticut-Waterbury, 38% borrow through federal student loan programs, for a typical $6,108 annually. That amounts to 22.1% higher than the $5,001 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $12,216 in two years and roughly $24,432 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 38% |
| Average federal loan per year | $6,108 |
| Undergraduates with a federal loan | 283 |
| Total federal loans (one year) | $1,728,626 |
The median student at University of Connecticut-Waterbury borrows $18,610 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $18,610 |
| Students who completed (graduates) | $21,500 |
| Students who withdrew | $8,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for University of Connecticut-Waterbury.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $9,100 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,250 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at University of Connecticut-Waterbury.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at University of Connecticut-Waterbury.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 4082 | $30,417 |
| Completed (graduates) | 2985 | $35,324 |
| Did not complete | 1097 | $21,653 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $420.04/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at University of Connecticut-Waterbury.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 3969 | $30,991 |
| No Stafford loan | 113 | $19,257 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 3649 | $31,293 |
| No Stafford loan this year | 433 | $25,000 |
The indicators below describe what the typical debt costs to pay back at University of Connecticut-Waterbury.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for University of Connecticut-Waterbury is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.2% |
| Borrowers in the cohort | 4931 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $16,000 |
| Middle income | $18,745 |
| High income | $19,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,000 |
| Continuing-generation students | $19,303 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,500 |
| Independent students | $19,791 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at University of Connecticut-Waterbury.
The Difference Between 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?
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.