by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Canada College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Canada College specifically, 1% of first-year students take on loan debt, averaging $5,856 per borrower, covering both private and federal loans.
The typical federal loan comes to $5,856. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Counting every undergraduate at Canada College, 1% rely on federal student loans toward their education, for a typical $7,276 in federal loans per year. That amounts to 24.2% higher than the $5,856 freshmen take on.
Borrowing at that rate every year works out to about $14,552 in two years and roughly $29,104 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 1% |
| Average federal loan per year | $7,276 |
| Undergraduates with a federal loan | 25 |
| Total federal loans (one year) | $181,911 |
Graduating and withdrawing students at Canada College carry a median federal debt of $9,272 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,272 |
| Students who withdrew | $7,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Canada College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,684 |
| 25th percentile | $3,910 |
| 75th percentile | $10,500 |
| 90th percentile (highest-debt students) | $17,372 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Canada College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Canada College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 303 | $19,372 |
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Canada College.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 289 | — |
| No Stafford loan | 14 | — |
These figures turn the debt totals into a monthly repayment picture for Canada College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Canada College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.5% |
| Borrowers in the cohort | 56 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.
Important to Remember
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.