by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Connecticut College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Conn College, 35% of freshmen borrow to help pay for their first year, with a typical loan of $9,019 per student, private and federal loans combined.
The average federal loan is $5,070, equal to roughly 92.2% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at Conn College (freshmen included), 36% use federal student loans to help pay for their education, at an average of $6,131 annually. This is 20.9% more than the $5,070 freshmen take on.
Borrowing the same amount each year would add up to roughly $12,262 across two years and $24,524 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 36% |
| Average federal loan per year | $6,131 |
| Undergraduates with a federal loan | 707 |
| Total federal loans (one year) | $4,334,874 |
Graduating and withdrawing students at Conn College carry a median federal debt of $20,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $20,000 |
| Students who completed (graduates) | $23,500 |
| Students who withdrew | $8,000 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Conn College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,538 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $28,000 |
How wide this percentile range is tells you how much borrowing varies across students at Conn College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Conn College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 102 | $43,045 |
| Completed (graduates) | 77 | $44,488 |
| Did not complete | 25 | $39,534 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $529.01/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Conn College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Conn College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.3% |
| Borrowers in the cohort | 260 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $18,359 |
| Middle income | $19,500 |
| High income | $21,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,170 |
| Continuing-generation students | $19,750 |
Federal data publishes the following gap measures for Conn College.
The Difference Between Subsidized and 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.
Important to Remember
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.