by our College Data Analytics TeamHere you will find what students actually borrow to attend Minnesota North College— 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.
For incoming students at Hibbing Community College, 43% of incoming undergraduates borrow in year one, averaging $5,669 each, across private and federal loan sources.
The average federally funded loan is $4,952, representing 90.0% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Hibbing Community College, freshmen included, 46% rely on federal student loans toward their education, borrowing on average $5,530 annually. That is 11.7% greater than the $4,952 borrowed by freshmen.
Repeating that yearly amount projects to about $11,060 in two years and roughly $22,120 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 46% |
| Average federal loan per year | $5,530 |
| Undergraduates with a federal loan | 887 |
| Total federal loans (one year) | $4,904,689 |
The middle borrower at Hibbing Community College owes $8,694 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,694 |
| Students who completed (graduates) | $12,000 |
| 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 Hibbing Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,446 |
| 25th percentile | $4,520 |
| 75th percentile | $14,050 |
| 90th percentile (highest-debt students) | $21,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Hibbing 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 Hibbing Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 48 | $8,768 |
Federal data lets us separate Stafford borrowers from the rest at Hibbing Community College.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 27 | $5,988 |
| No Stafford loan this year | 21 | $16,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Hibbing Community College.
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 Hibbing Community College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.0% |
| Borrowers in the cohort | 594 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,250 |
| Middle income | $9,500 |
| High income | $8,238 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,250 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,000 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Hibbing 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.