by our College Data Analytics TeamHere you will find what students actually borrow to attend SUNY Corning Community College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Corning Community College, 44% of first-year students take on loan debt, averaging $5,409 per student, private and federal loans combined.
The average federal loan is $4,773, which is 86.8% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Corning Community College (freshmen included), 44% take out federal student loans, for a typical $5,763 per year. This works out to 20.7% above the first-year federal average of $4,773.
At a steady annual pace, that totals around $11,526 over two years and about $23,052 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 44% |
| Average federal loan per year | $5,763 |
| Undergraduates with a federal loan | 551 |
| Total federal loans (one year) | $3,175,638 |
The median student at Corning Community College borrows $8,750 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,750 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $7,065 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Corning Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,964 |
| 25th percentile | $3,500 |
| 75th percentile | $13,019 |
| 90th percentile (highest-debt students) | $21,551 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Corning Community College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Corning Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 197 | $8,854 |
| Completed (graduates) | 54 | $7,839 |
| Did not complete | 143 | $9,000 |
On a standard 10-year plan, the median completing borrower would pay about $93.21/mo.
Federal data lets us separate Stafford borrowers from the rest at Corning Community College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 133 | $8,384 |
| No Stafford loan this year | 64 | $10,163 |
These figures turn the debt totals into a monthly repayment picture for Corning Community College.
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 Corning Community College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.7% |
| Borrowers in the cohort | 1440 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,250 |
| Middle income | $8,944 |
| High income | $8,750 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,000 |
| Continuing-generation students | $7,599 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,403 |
| Independent students | $12,726 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Corning Community College.
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.
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.