by our College Data Analytics TeamThis page focuses on the debt students take on to attend Holmes Community College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Holmes Community College specifically, 7% of incoming students take out a loan to help cover first-year costs, for an average of $4,247 each, across private and federal loan sources.
The average federally funded loan is $4,277, which is 77.8% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Holmes Community College, freshmen included, 15% borrow through federal student loan programs, for a typical $5,651 annually. That amounts to 32.1% greater than the $4,277 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $11,302 by year two and around $22,604 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 15% |
| Average federal loan per year | $5,651 |
| Undergraduates with a federal loan | 588 |
| Total federal loans (one year) | $3,322,892 |
Graduating and withdrawing students at Holmes Community College carry a median federal debt of $5,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $9,274 |
| Students who withdrew | $5,000 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Holmes Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,488 |
| 25th percentile | $2,225 |
| 75th percentile | $7,350 |
| 90th percentile (highest-debt students) | $11,750 |
How wide this percentile range is tells you how much borrowing varies across students at Holmes Community College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Holmes Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 530 | $10,579 |
| Completed (graduates) | 126 | $10,245 |
| Did not complete | 404 | $10,816 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $121.82/mo.
Federal data lets us separate Stafford borrowers from the rest at Holmes Community College.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 518 | — |
| No Stafford loan | 12 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 129 | $9,000 |
| No Stafford loan this year | 401 | $11,500 |
These figures turn the debt totals into a monthly repayment picture for Holmes 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. Two-year cohort default-rate data for Holmes Community College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.7% |
| Borrowers in the cohort | 1361 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,243 |
| Middle income | $5,563 |
| High income | $5,250 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,722 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,263 |
| Independent students | $8,500 |
Federal data publishes the following gap measures for Holmes Community College.
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
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.