by our College Data Analytics TeamHere you will find what students actually borrow to attend Chamberlain University-Michigan— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Looking at the entering class at Chamberlain - Michigan, 100% of freshmen borrow to help pay for their first year, averaging $7,100 each, across private and federal loan sources.
Federal loans alone average $7,100. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Chamberlain - Michigan, freshmen included, 81% rely on federal student loans toward their education, with a mean of $8,582 a year. This works out to 20.9% larger than the first-year federal average of $7,100.
Carrying that yearly figure forward comes to roughly $17,164 across two years and $34,328 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 81% |
| Average federal loan per year | $8,582 |
| Undergraduates with a federal loan | 518 |
| Total federal loans (one year) | $4,445,472 |
Graduating and withdrawing students at Chamberlain - Michigan carry a median federal debt of $16,458 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,458 |
| Students who completed (graduates) | $20,919 |
| Students who withdrew | $10,922 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Chamberlain - Michigan.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,288 |
| 25th percentile | $10,169 |
| 75th percentile | $27,500 |
| 90th percentile (highest-debt students) | $40,125 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Chamberlain - Michigan.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Chamberlain - Michigan.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 5298 | $12,000 |
| Completed (graduates) | 2719 | $12,704 |
| Did not complete | 2579 | $11,443 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $151.06/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Chamberlain - Michigan.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 5272 | $12,000 |
| No Stafford loan | 26 | $7,000 |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 4152 | $12,069 |
| No Stafford loan this year | 1146 | $11,841 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Chamberlain - Michigan.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Chamberlain - Michigan is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.9% |
| Borrowers in the cohort | 3327 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $16,577 |
| Middle income | $15,795 |
| High income | $17,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,405 |
| Continuing-generation students | $16,594 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $16,125 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Chamberlain - Michigan.
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.
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.