by our College Data Analytics TeamThis page focuses on the debt students take on to attend Carrington College-Reno, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Carrington College, Reno, 89% of freshmen borrow to help pay for their first year, with a typical loan of $8,231 per borrower, covering both private and federal loans.
Federal loans alone average $7,400. 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.
For undergraduates overall at Carrington College, Reno, 65% rely on federal student loans toward their education, at an average of $8,285 annually. It comes to 12.0% more than the first-year federal average of $7,400.
Borrowing at that rate every year works out to about $16,570 in two years and roughly $33,140 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $8,285 |
| Undergraduates with a federal loan | 458 |
| Total federal loans (one year) | $3,794,377 |
The median student at Carrington College, Reno borrows $12,094 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,094 |
| Students who completed (graduates) | $15,188 |
| Students who withdrew | $4,751 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Carrington College, Reno.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,650 |
| 25th percentile | $8,118 |
| 75th percentile | $17,790 |
| 90th percentile (highest-debt students) | $27,688 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Carrington College, Reno.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Carrington College, Reno.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 174 | $10,685 |
| Completed (graduates) | 145 | $11,255 |
| Did not complete | 29 | $6,735 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $133.83/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Carrington College, Reno.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 157 | — |
| No Stafford loan this year | 17 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Carrington College, Reno.
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 Carrington College, Reno follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.5% |
| Borrowers in the cohort | 599 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,716 |
| Middle income | $14,167 |
| High income | $15,908 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,542 |
| Continuing-generation students | $15,908 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,601 |
| Independent students | $15,188 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Carrington College, Reno.
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.