by our College Data Analytics TeamHere you will find what students actually borrow to attend Berkeley College-New York— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Berkeley College - New York, 69% of new students use loans toward freshman-year expenses, borrowing on average $6,889 each — a figure that counts both private and federal student loans.
Federal loans alone average $6,889. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Berkeley College - New York, 66% take out federal student loans, with a mean of $7,790 annually. This works out to 13.1% more than the $6,889 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $15,580 after two years and $31,160 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $7,790 |
| Undergraduates with a federal loan | 1,000 |
| Total federal loans (one year) | $7,790,405 |
Graduating and withdrawing students at Berkeley College - New York carry a median federal debt of $19,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,000 |
| Students who completed (graduates) | $30,426 |
| Students who withdrew | $10,100 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Berkeley College - New York.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,500 |
| 75th percentile | $28,307 |
| 90th percentile (highest-debt students) | $40,250 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Berkeley College - New York.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Berkeley College - New York.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 614 | $10,704 |
| Completed (graduates) | 332 | $12,677 |
| Did not complete | 282 | $9,626 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $150.74/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 Berkeley College - New York.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 581 | $11,155 |
| No Stafford loan this year | 33 | $6,489 |
These figures turn the debt totals into a monthly repayment picture for Berkeley College - New York.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Berkeley College - New York is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.2% |
| Borrowers in the cohort | 2260 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $18,942 |
| Middle income | $20,268 |
| High income | $20,750 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,000 |
| Continuing-generation students | $20,381 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,500 |
| Independent students | $21,402 |
Federal data publishes the following gap measures for Berkeley College - New York.
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.
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.