by our College Data Analytics TeamBelow is federal data on the loans students use to pay for DeVry College of New York, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at DeVry College of New York-Midtown Manhattan, 50% of new students use loans toward freshman-year expenses, for an average of $5,147 each — a figure that counts both private and federal student loans.
Federal loans alone average $5,147, or about 93.6% 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 DeVry College of New York-Midtown Manhattan, 58% use federal student loans to help pay for their education, with a mean of $7,891 in federal loans per year. That amounts to 53.3% more than the $5,147 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $15,782 in two years and roughly $31,564 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $7,891 |
| Undergraduates with a federal loan | 101 |
| Total federal loans (one year) | $796,963 |
The median student at DeVry College of New York-Midtown Manhattan borrows $12,805 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,805 |
| Students who completed (graduates) | $24,807 |
| Students who withdrew | $8,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at DeVry College of New York-Midtown Manhattan.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,677 |
| 25th percentile | $5,914 |
| 75th percentile | $37,954 |
| 90th percentile (highest-debt students) | $52,450 |
How wide this percentile range is tells you how much borrowing varies across students at DeVry College of New York-Midtown Manhattan.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at DeVry College of New York-Midtown Manhattan.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 3186 | $9,556 |
| Completed (graduates) | 1405 | $9,974 |
| Did not complete | 1781 | $9,263 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $118.6/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at DeVry College of New York-Midtown Manhattan.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 3159 | $9,649 |
| No Stafford loan | 27 | $4,000 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 2573 | $9,388 |
| No Stafford loan this year | 613 | $10,276 |
The indicators below describe what the typical debt costs to pay back at DeVry College of New York-Midtown Manhattan.
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 DeVry College of New York-Midtown Manhattan is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.4% |
| Borrowers in the cohort | 40677 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $11,756 |
| Middle income | $14,317 |
| High income | $14,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,594 |
| Continuing-generation students | $13,904 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,895 |
| Independent students | $12,955 |
Federal data publishes the following gap measures for DeVry College of New York-Midtown Manhattan.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
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.