by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Farmingdale State College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at SUNY College of Technology at Farmingdale, 27% of new students use loans toward freshman-year expenses, at roughly $5,626 each — a figure that counts both private and federal student loans.
The average federally funded loan is $4,781, representing 86.9% of the $5,500 federal limit that applies to a typical first-year dependent borrower. 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 SUNY College of Technology at Farmingdale, 24% use federal student loans to help pay for their education, for a typical $6,103 per year. This is 27.7% higher than the $4,781 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $12,206 by year two and around $24,412 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 24% |
| Average federal loan per year | $6,103 |
| Undergraduates with a federal loan | 2,170 |
| Total federal loans (one year) | $13,242,943 |
The median student at SUNY College of Technology at Farmingdale borrows $11,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,000 |
| Students who completed (graduates) | $14,718 |
| Students who withdrew | $7,012 |
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 SUNY College of Technology at Farmingdale.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,928 |
| 25th percentile | $5,500 |
| 75th percentile | $20,912 |
| 90th percentile (highest-debt students) | $29,410 |
How wide this percentile range is tells you how much borrowing varies across students at SUNY College of Technology at Farmingdale.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at SUNY College of Technology at Farmingdale.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 909 | $18,824 |
| Completed (graduates) | 371 | $18,349 |
| Did not complete | 538 | $18,869 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $218.19/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 SUNY College of Technology at Farmingdale.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 892 | — |
| No Stafford loan | 17 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 468 | $15,346 |
| No Stafford loan this year | 441 | $24,879 |
The indicators below describe what the typical debt costs to pay back at SUNY College of Technology at Farmingdale.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for SUNY College of Technology at Farmingdale follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.4% |
| Borrowers in the cohort | 983 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,753 |
| Middle income | $10,500 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,000 |
| Continuing-generation students | $11,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,589 |
| Independent students | $13,026 |
Federal data publishes the following gap measures for SUNY College of Technology at Farmingdale.
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.
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.