by our College Data Analytics TeamHere you will find what students actually borrow to attend Anna Maria 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 Anna Maria, 76% of first-year students take on loan debt, at roughly $10,179 each, across private and federal loan sources.
On the federal side, the average loan is $5,435, or about 98.8% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Anna Maria, 69% take out federal student loans, borrowing on average $6,846 in federal loans per year. This works out to 26.0% more than the first-year federal average of $5,435.
Carrying that yearly figure forward comes to roughly $13,692 after two years and $27,384 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 69% |
| Average federal loan per year | $6,846 |
| Undergraduates with a federal loan | 658 |
| Total federal loans (one year) | $4,504,630 |
Graduating and withdrawing students at Anna Maria carry a median federal debt of $17,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,500 |
| Students who completed (graduates) | $25,000 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Anna Maria.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,500 |
| 75th percentile | $26,250 |
| 90th percentile (highest-debt students) | $33,000 |
How wide this percentile range is tells you how much borrowing varies across students at Anna Maria.
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 Anna Maria.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 252 | $21,153 |
| Completed (graduates) | 105 | $26,017 |
| Did not complete | 147 | $20,390 |
On a standard 10-year plan, the median completing borrower would pay about $309.37/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Anna Maria.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 210 | $23,302 |
| No Stafford loan this year | 42 | $16,852 |
These figures turn the debt totals into a monthly repayment picture for Anna Maria.
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 Anna Maria is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.9% |
| Borrowers in the cohort | 429 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $17,206 |
| Middle income | $18,329 |
| High income | $17,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,214 |
| Continuing-generation students | $15,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,250 |
| Independent students | $18,384 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Anna Maria.
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.
Important to Remember
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.