by our College Data Analytics TeamHere you will find what students actually borrow to attend Cecil College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Cecil College, 12% of new students use loans toward freshman-year expenses, at roughly $4,620 per student, private and federal loans combined.
Federal loans alone average $4,620, or about 84.0% of the typical first-year dependent student borrowing cap of $5,500. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Cecil College, freshmen included, 11% finance part of their studies with federal loans, borrowing on average $5,202 per year. That amounts to 12.6% greater than the $4,620 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $10,404 across two years and $20,808 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.Undergraduate federal borrowing Value Share using federal loans 11% Average federal loan per year $5,202 Undergraduates with a federal loan 157 Total federal loans (one year) $816,759
The middle borrower at Cecil College owes $8,250 of cumulative federal debt.Borrower group Median federal debt All federal borrowers $8,250 Students who completed (graduates) $9,536 Students who withdrew $8,250
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Cecil College.Percentile Cumulative Federal Debt 10th percentile (lowest-debt students) $2,036 25th percentile $3,872 75th percentile $11,245 90th percentile (highest-debt students) $19,260
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Cecil College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Cecil College.Group Borrowers Median debt incl. PLUS All borrowers 129 $16,207
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 Cecil College.
Current-Year Stafford BorrowersCohort Borrowers Median debt incl. PLUS Stafford loan this year 41 $13,842 No Stafford loan this year 88 $19,185
The indicators below describe what the typical debt costs to pay back at Cecil College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Cecil College follows.Metric Value 2-year cohort default rate 15.6% Borrowers in the cohort 204
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.
Median Debt by Income BracketIncome tier Median federal debt Low income $9,500 Middle income $8,095 High income $8,113
By First-Generation StatusCohort Median federal debt First-generation students $8,250 Continuing-generation students $7,792
Dependency-Status ComparisonCohort Median federal debt Dependent students $6,500 Independent students $10,428
The Department of Education computes gap indicators that show how borrowing differs between student groups at Cecil College.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Important to Remember
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.