by our College Data Analytics TeamThis page focuses on the debt students take on to attend Dorsey College, Wayne, 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 Dorsey College, Wayne, 67% of incoming students take out a loan to help cover first-year costs, averaging $6,521 each — a figure that counts both private and federal student loans.
Federal loans alone average $6,521. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Dorsey College, Wayne (freshmen included), 90% use federal student loans to help pay for their education, with a mean of $6,725 a year. This works out to 3.1% greater than the freshman federal average of $6,521.
Repeating that yearly amount projects to about $13,450 across two years and $26,900 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 90% |
| Average federal loan per year | $6,725 |
| Undergraduates with a federal loan | 183 |
| Total federal loans (one year) | $1,230,764 |
The median student at Dorsey College, Wayne borrows $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $13,000 |
| Students who withdrew | $5,172 |
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 Dorsey College, Wayne.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,626 |
| 25th percentile | $4,436 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $13,969 |
How wide this percentile range is tells you how much borrowing varies across students at Dorsey College, Wayne.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Dorsey College, Wayne.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 515 | $5,742 |
| Completed (graduates) | 293 | $6,862 |
| Did not complete | 222 | $4,438 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $81.6/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Dorsey College, Wayne.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 498 | — |
| No Stafford loan | 17 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 473 | $5,928 |
| No Stafford loan this year | 42 | $3,874 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Dorsey College, Wayne.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Dorsey College, Wayne follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.5% |
| Borrowers in the cohort | 1723 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $10,579 |
| High income | $8,917 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $10,458 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Dorsey College, Wayne.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Important to Remember
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.