by our College Data Analytics TeamHere you will find what students actually borrow to attend Glen Oaks Community College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at GOCC, 26% of new students use loans toward freshman-year expenses, for an average of $4,961 per borrower, covering both private and federal loans.
On the federal side, the average loan is $4,961, which is 90.2% of the $5,500 cap on first-year federal borrowing for the typical dependent student. 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 GOCC, 20% borrow through federal student loan programs, borrowing on average $5,611 annually. That amounts to 13.1% higher than the $4,961 borrowed by freshmen.
Repeating that yearly amount projects to about $11,222 by year two and around $22,444 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 20% |
| Average federal loan per year | $5,611 |
| Undergraduates with a federal loan | 116 |
| Total federal loans (one year) | $650,930 |
Graduating and withdrawing students at GOCC carry a median federal debt of $5,543 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,543 |
| Students who completed (graduates) | $10,794 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at GOCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,800 |
| 25th percentile | $2,762 |
| 75th percentile | $10,500 |
| 90th percentile (highest-debt students) | $17,079 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at GOCC.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at GOCC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 30 | $8,161 |
The split below distinguishes Stafford borrowers from non-Stafford borrowers at GOCC.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 11 | — |
| No Stafford loan this year | 19 | — |
These figures turn the debt totals into a monthly repayment picture for GOCC.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for GOCC is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.1% |
| Borrowers in the cohort | 259 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,096 |
| Middle income | $6,024 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,542 |
| Continuing-generation students | $5,561 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at GOCC.
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.
Worth Knowing
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.