by our College Data Analytics TeamThis page focuses on the debt students take on to attend Allan Hancock College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Allan Hancock College, 2% of freshmen borrow to help pay for their first year, averaging $6,252 each — a figure that counts both private and federal student loans.
Federal loans alone average $6,252. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Allan Hancock College, freshmen included, 1% use federal student loans to help pay for their education, borrowing on average $6,259 in federal loans per year. That amounts to 0.1% larger than the freshman federal average of $6,252.
Borrowing the same amount each year would add up to roughly $12,518 after two years and $25,036 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 1% |
| Average federal loan per year | $6,259 |
| Undergraduates with a federal loan | 76 |
| Total federal loans (one year) | $475,687 |
Graduating and withdrawing students at Allan Hancock College carry a median federal debt of $7,888 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,888 |
| Students who withdrew | $7,683 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Allan Hancock College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,500 |
| 75th percentile | $10,591 |
| 90th percentile (highest-debt students) | $20,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Allan Hancock College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Allan Hancock College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 340 | $13,991 |
Federal data lets us separate Stafford borrowers from the rest at Allan Hancock College.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 320 | $14,263 |
| No Stafford loan | 20 | $6,590 |
The indicators below describe what the typical debt costs to pay back at Allan Hancock College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Allan Hancock College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.8% |
| Borrowers in the cohort | 87 |
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 | $8,519 |
| Middle income | $6,875 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,250 |
| Continuing-generation students | $6,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Allan Hancock College.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.