by our College Data Analytics TeamHere you will find what students actually borrow to attend Dorsey College-Grand Rapids— 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.
Looking at the entering class at Dorsey College-Grand Rapids, 78% of freshmen borrow to help pay for their first year, with a typical loan of $5,355 each, across private and federal loan sources.
On the federal side, the average loan is $5,355, equal to roughly 97.4% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Dorsey College-Grand Rapids, 17% use federal student loans to help pay for their education, at an average of $7,369 in federal loans per year. This works out to 37.6% larger than the $5,355 freshmen take on.
Carrying that yearly figure forward comes to roughly $14,738 after two years and $29,476 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 17% |
| Average federal loan per year | $7,369 |
| Undergraduates with a federal loan | 14 |
| Total federal loans (one year) | $103,164 |
The middle borrower at Dorsey College-Grand Rapids owes $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $13,000 |
| Students who withdrew | $5,172 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Dorsey College-Grand Rapids.
| 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 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Dorsey College-Grand Rapids.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Dorsey College-Grand Rapids.
| 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.
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 Dorsey College-Grand Rapids.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 498 | — |
| No Stafford loan | 17 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 473 | $5,928 |
| No Stafford loan this year | 42 | $3,874 |
These figures turn the debt totals into a monthly repayment picture for Dorsey College-Grand Rapids.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Dorsey College-Grand Rapids 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.
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 | $9,500 |
| Middle income | $10,579 |
| High income | $8,917 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| 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-Grand Rapids.
Subsidized vs. 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
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.