Coastline Community College Loan Debt: How Much Debt Do Students Graduate With?

How much debt will I have to take on to pay for Coastline Community College, and how easily will I pay it off? Keep scrolling down the page for answers.

Included in This Report:

• Average Loans for Freshman
• Average Undergraduate Loans
• Default Rate at Coastline Community College
• Frequently Asked Questions
• Additonal Information

Freshmen At Coastline Community College Take Out an Average of $6,561 in Loans in Their First Year

At Coastline Community College, 11.0% of incoming students take out a loan to help defray freshman year costs, averaging $6,561 a piece. This amount includes both private and federally-funded student loans.

The average federal loan is $6,561, which is 119.3% of the first-year borrowing cap of $5,500* for the typical first-year dependent student.

The Average Loan Amount for All Undergrads at Coastline Community College is $6,048 Per Year.

3.0% of all undergraduate students (including freshmen) at Coastline Community College utilize federal student loans to help pay for their college education, averaging $6,048 per year. This amount is 7.8% lower than the $6,561 amount borrowed by freshmen, indicating a decreasing reliance on student loans.

Borrowing the average amount will result in loans of $12,096 after two years and $24,192 after four.

These numbers are based on borrowing the same amount each year and do not include any loans where the parent is the borrower, even though Parent PLUS loans are frequently included in financial aid packages.

Were you surprised by how much you are projected to owe by the time you graduate? Remember this is an average: some students will borrow more than this.

Is the debt worth it? Research return on investment.

The Default Rate on Student Loans is Decreasing

Loan default rates can indicate how well Coastline Community College is helping students afford to attend college without undue reliance on loans, particularly unsubsidized loans. It can also indicate future earnings and career potential. Pay close attention to this statistic. You don't want to take out loans you can't pay back.

A total of 401 Coastline Community College students entered loan repayment in 2016. After three years, 21.6% of these students (87 out of 401) defaulted on their loans. The lower the default rate, the better!

The chart below compares this college to the average 3-year default rate calculated across all of the 4-year schools we have data for.

What does the default rate mean?

A student is considered to be in default on a student loan if they have not made a payment in more than 270 days. The official student loan default rate for a school is calculated by measuring how many students are in default three years after graduation. Note that the default rate only takes into account federal loans, not private.

When compared to the average three-year default rate of 9.3%, the default rate at Coastline Community College is poor. This could indicate that students attending Coastline Community College are relying heavily on student loans, including unsubsidized student loans.

Review financial aid offers carefully and be honest with yourself about whether you can truly afford this college. If you will need to utilize loans each year, be sure to calculate the total amount borrowed after four to five years, and an estimated monthly payment. If your loan includes an unsubsidized amount, can you afford to make the interest payments while you are attending college? If not, be sure to add that to the total.

Asking the tough questions now can help prevent you from starting your future with a large amount of debt that you cannot reasonably afford.