by our College Data Analytics TeamThis page focuses on the debt students take on to attend Alpena Community College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Alpena Community College specifically, 18% of new students use loans toward freshman-year expenses, at roughly $6,605 per student, private and federal loans combined.
On the federal side, the average loan is $5,122, equal to roughly 93.1% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. 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 Alpena Community College (freshmen included), 21% take out federal student loans, averaging $5,443 per year. It comes to 6.3% larger than the $5,122 typical freshmen borrow.
Repeating that yearly amount projects to about $10,886 over two years and about $21,772 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 21% |
| Average federal loan per year | $5,443 |
| Undergraduates with a federal loan | 151 |
| Total federal loans (one year) | $821,872 |
The middle borrower at Alpena Community College owes $5,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $9,024 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Alpena Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,522 |
| 25th percentile | $2,751 |
| 75th percentile | $11,000 |
| 90th percentile (highest-debt students) | $17,135 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Alpena Community 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 Alpena Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 50 | $7,844 |
| Completed (graduates) | 24 | $11,669 |
| Did not complete | 26 | $7,509 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $138.76/mo.
Federal data lets us separate Stafford borrowers from the rest at Alpena Community College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 34 | — |
| No Stafford loan this year | 16 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Alpena Community College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Alpena Community College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.6% |
| Borrowers in the cohort | 473 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,942 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $6,897 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,863 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Alpena Community College.
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?
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.