by our College Data Analytics TeamThis page focuses on the debt students take on to attend Eastwick College-Nutley, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Eastwick College - Nutley, 67% of freshmen borrow to help pay for their first year, averaging $6,150 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $5,883. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Eastwick College - Nutley, 72% borrow through federal student loan programs, for a typical $6,391 each per year. That amounts to 8.6% higher than the freshman federal average of $5,883.
Carrying that yearly figure forward comes to roughly $12,782 over two years and about $25,564 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 72% |
| Average federal loan per year | $6,391 |
| Undergraduates with a federal loan | 328 |
| Total federal loans (one year) | $2,096,325 |
The median student at Eastwick College - Nutley borrows $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $11,775 |
| Students who withdrew | $6,333 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Eastwick College - Nutley.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,871 |
| 25th percentile | $5,598 |
| 75th percentile | $13,779 |
| 90th percentile (highest-debt students) | $17,959 |
How wide this percentile range is tells you how much borrowing varies across students at Eastwick College - Nutley.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Eastwick College - Nutley.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 146 | $5,818 |
| Completed (graduates) | 104 | $6,942 |
| Did not complete | 42 | $4,343 |
On a standard 10-year plan, the median completing borrower would pay about $82.55/mo.
These figures turn the debt totals into a monthly repayment picture for Eastwick College - Nutley.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Eastwick College - Nutley is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.3% |
| Borrowers in the cohort | 449 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $9,500 |
| High income | $11,096 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $12,335 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,208 |
| Independent students | $10,889 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Eastwick College - Nutley.
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.
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.