by our College Data Analytics TeamHere you will find what students actually borrow to attend Hudson Valley Community College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at HVCC, 31% of new students use loans toward freshman-year expenses, for an average of $5,862 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $5,577. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at HVCC, 31% take out federal student loans, with a mean of $6,573 each per year. This works out to 17.9% larger than the $5,577 borrowed by freshmen.
Repeating that yearly amount projects to about $13,146 over two years and about $26,292 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 31% |
| Average federal loan per year | $6,573 |
| Undergraduates with a federal loan | 1,949 |
| Total federal loans (one year) | $12,811,206 |
Graduating and withdrawing students at HVCC carry a median federal debt of $5,713 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,713 |
| Students who completed (graduates) | $10,625 |
| Students who withdrew | $5,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for HVCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,579 |
| 25th percentile | $2,750 |
| 75th percentile | $9,966 |
| 90th percentile (highest-debt students) | $15,020 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at HVCC.
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 HVCC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 986 | $14,524 |
| Completed (graduates) | 208 | $11,260 |
| Did not complete | 778 | $15,248 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $133.89/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at HVCC.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 966 | $14,598 |
| No Stafford loan | 20 | $10,090 |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 365 | $11,000 |
| No Stafford loan this year | 621 | $18,049 |
The indicators below describe what the typical debt costs to pay back at HVCC.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for HVCC is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.3% |
| Borrowers in the cohort | 2842 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,375 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,760 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at HVCC.
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.