by our College Data Analytics TeamHere you will find what students actually borrow to attend Cerro Coso Community College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Cerro Coso Community College, 3% of incoming undergraduates borrow in year one, borrowing on average $6,557 each — a figure that counts both private and federal student loans.
The average federal loan is $6,557. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Cerro Coso Community College, 2% borrow through federal student loan programs, at an average of $7,177 a year. It comes to 9.5% above the first-year federal average of $6,557.
Borrowing the same amount each year would add up to roughly $14,354 over two years and about $28,708 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 2% |
| Average federal loan per year | $7,177 |
| Undergraduates with a federal loan | 69 |
| Total federal loans (one year) | $495,191 |
Graduating and withdrawing students at Cerro Coso Community College carry a median federal debt of $5,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Cerro Coso Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,029 |
| 75th percentile | $3,500 |
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 Cerro Coso Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 213 | $11,088 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Cerro Coso Community College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Cerro Coso Community College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.1% |
| Borrowers in the cohort | 27 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,140 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,750 |
| Independent students | $6,080 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Cerro Coso Community College.
Subsidized vs. 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.
Worth Knowing
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.