by our College Data Analytics TeamHere you will find what students actually borrow to attend Central Maine Community College— 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.
At Central Maine Technical College, 19% of new students use loans toward freshman-year expenses, averaging $4,848 each, across private and federal loan sources.
The average federally funded loan is $4,475, which is 81.4% 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 Central Maine Technical College, freshmen included, 21% use federal student loans to help pay for their education, borrowing on average $5,484 per year. That amounts to 22.5% higher than the freshman federal average of $4,475.
Carrying that yearly figure forward comes to roughly $10,968 by year two and around $21,936 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 | 21% |
| Average federal loan per year | $5,484 |
| Undergraduates with a federal loan | 591 |
| Total federal loans (one year) | $3,240,962 |
The median student at Central Maine Technical College borrows $6,568 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,568 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Central Maine Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,375 |
| 25th percentile | $4,080 |
| 75th percentile | $15,272 |
| 90th percentile (highest-debt students) | $25,088 |
How wide this percentile range is tells you how much borrowing varies across students at Central Maine Technical College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Central Maine Technical College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 142 | $8,695 |
| Completed (graduates) | 31 | $8,541 |
| Did not complete | 111 | $8,850 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $101.56/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 Central Maine Technical College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 63 | $7,050 |
| No Stafford loan this year | 79 | $9,929 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Central Maine Technical College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Central Maine Technical College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.9% |
| Borrowers in the cohort | 662 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,242 |
| Middle income | $5,569 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,000 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Central Maine Technical College.
Subsidized vs. 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.
Did You Know?
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.