by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Rowan College of South Jersey-Cumberland Campus— 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.
For incoming students at Cumberland County College, 22% of freshmen borrow to help pay for their first year, with a typical loan of $5,029 per student, private and federal loans combined.
The average federally funded loan is $5,053, or about 91.9% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Cumberland County College, 21% finance part of their studies with federal loans, borrowing on average $6,029 each per year. This is 19.3% above the freshman federal average of $5,053.
Borrowing the same amount each year would add up to roughly $12,058 across two years and $24,116 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 | 21% |
| Average federal loan per year | $6,029 |
| Undergraduates with a federal loan | 446 |
| Total federal loans (one year) | $2,689,109 |
Graduating and withdrawing students at Cumberland County College carry a median federal debt of $7,664 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,664 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $6,000 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Cumberland County College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,774 |
| 25th percentile | $3,025 |
| 75th percentile | $10,750 |
| 90th percentile (highest-debt students) | $17,248 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Cumberland County College.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Cumberland County College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 659 | $15,809 |
| Completed (graduates) | 108 | $13,000 |
| Did not complete | 551 | $16,554 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $154.58/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 Cumberland County College.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 637 | $15,885 |
| No Stafford loan | 22 | $10,013 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 305 | $13,391 |
| No Stafford loan this year | 354 | $19,814 |
The indicators below describe what the typical debt costs to pay back at Cumberland County College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Cumberland County College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.5% |
| Borrowers in the cohort | 665 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,171 |
| Middle income | $6,653 |
| High income | $8,250 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,000 |
| Continuing-generation students | $5,548 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,378 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Cumberland County 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.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.