by our College Data Analytics TeamHere you will find what students actually borrow to attend Gogebic Community College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At Gogebic Community College specifically, 24% of incoming students take out a loan to help cover first-year costs, averaging $5,185 per student, private and federal loans combined.
The average federal loan is $5,139, or about 93.4% of the typical first-year dependent student borrowing cap of $5,500. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Gogebic Community College, freshmen included, 29% rely on federal student loans toward their education, with a mean of $5,300 per year. This is 3.1% larger than the freshman federal average of $5,139.
Repeating that yearly amount projects to about $10,600 in two years and roughly $21,200 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 29% |
| Average federal loan per year | $5,300 |
| Undergraduates with a federal loan | 145 |
| Total federal loans (one year) | $768,509 |
The median student at Gogebic Community College borrows $6,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,000 |
| Students who completed (graduates) | $10,925 |
| 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.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Gogebic Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,792 |
| 25th percentile | $3,000 |
| 75th percentile | $10,965 |
| 90th percentile (highest-debt students) | $15,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Gogebic Community College.
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 Gogebic Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 44 | $7,722 |
Federal data lets us separate Stafford borrowers from the rest at Gogebic Community College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 27 | — |
| No Stafford loan this year | 17 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Gogebic Community College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Gogebic Community College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.7% |
| Borrowers in the cohort | 287 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $6,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,500 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,650 |
| Independent students | $6,485 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Gogebic Community College.
Subsidized and 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.
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.