by our College Data Analytics TeamHere you will find what students actually borrow to attend Charter Oak State College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at Charter Oak State College, 50% of freshmen borrow to help pay for their first year, for an average of $9,500 per student, private and federal loans combined.
Federal loans alone average $9,500. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. 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 Charter Oak State College, freshmen included, 47% finance part of their studies with federal loans, averaging $8,182 per year. It comes to 13.9% smaller than the freshman federal average of $9,500.
At a steady annual pace, that totals around $16,364 in two years and roughly $32,728 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 47% |
| Average federal loan per year | $8,182 |
| Undergraduates with a federal loan | 759 |
| Total federal loans (one year) | $6,210,313 |
The middle borrower at Charter Oak State College owes $12,422 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,422 |
| Students who completed (graduates) | $18,683 |
| Students who withdrew | $6,500 |
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 Charter Oak State College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,500 |
| 75th percentile | $23,306 |
| 90th percentile (highest-debt students) | $31,250 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Charter Oak State College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Charter Oak State College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 189 | $11,000 |
| Completed (graduates) | 64 | $9,542 |
| Did not complete | 125 | $11,975 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $113.46/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 Charter Oak State College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 91 | $8,347 |
| No Stafford loan this year | 98 | $14,443 |
These figures turn the debt totals into a monthly repayment picture for Charter Oak State College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Charter Oak State College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.2% |
| Borrowers in the cohort | 305 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $11,724 |
| Middle income | $12,500 |
| High income | $13,626 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,465 |
| Continuing-generation students | $12,041 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,800 |
| Independent students | $12,646 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Charter Oak State College.
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.