by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Carrington College-Phoenix North, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at Carrington College, Phoenix, 82% of new students use loans toward freshman-year expenses, borrowing on average $7,401 per borrower, covering both private and federal loans.
The average federally funded loan is $6,918. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Carrington College, Phoenix (freshmen included), 63% use federal student loans to help pay for their education, with a mean of $6,437 annually. This works out to 7.0% less than the freshman federal average of $6,918.
Borrowing at that rate every year works out to about $12,874 across two years and $25,748 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $6,437 |
| Undergraduates with a federal loan | 1,082 |
| Total federal loans (one year) | $6,964,806 |
The middle borrower at Carrington College, Phoenix owes $9,298 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,298 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,845 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Carrington College, Phoenix.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $22,201 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Carrington College, Phoenix.
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 Carrington College, Phoenix.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 359 | $6,804 |
| Completed (graduates) | 248 | $8,060 |
| Did not complete | 111 | $4,268 |
On a standard 10-year plan, the median completing borrower would pay about $95.84/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Carrington College, Phoenix.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 333 | $6,804 |
| No Stafford loan this year | 26 | $6,775 |
These figures turn the debt totals into a monthly repayment picture for Carrington College, Phoenix.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Carrington College, Phoenix appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.4% |
| Borrowers in the cohort | 4002 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,229 |
| Middle income | $9,496 |
| High income | $9,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,240 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,555 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Carrington College, Phoenix.
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.
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.