by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Independence Community College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Independence Community College, 26% of new students use loans toward freshman-year expenses, averaging $4,021 each, across private and federal loan sources.
The typical federal loan comes to $4,021, amounting to 73.1% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Independence Community College, 30% rely on federal student loans toward their education, for a typical $4,428 each per year. That amounts to 10.1% above the first-year federal average of $4,021.
Repeating that yearly amount projects to about $8,856 by year two and around $17,712 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 30% |
| Average federal loan per year | $4,428 |
| Undergraduates with a federal loan | 155 |
| Total federal loans (one year) | $686,354 |
The median student at Independence Community College borrows $4,750 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,750 |
| Students who completed (graduates) | $6,115 |
| Students who withdrew | $4,035 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Independence Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,312 |
| 25th percentile | $1,945 |
| 75th percentile | $5,634 |
| 90th percentile (highest-debt students) | $8,750 |
How wide this percentile range is tells you how much borrowing varies across students at Independence Community College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Independence Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 40 | $10,274 |
Federal data lets us separate Stafford borrowers from the rest at Independence Community College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 24 | — |
| No Stafford loan this year | 16 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Independence 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 Independence Community College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.9% |
| Borrowers in the cohort | 119 |
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 | $4,049 |
| Middle income | $5,243 |
| High income | $6,540 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,500 |
| Continuing-generation students | $6,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,533 |
| Independent students | $4,812 |
Federal data publishes the following gap measures for Independence Community College.
Subsidized vs. 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.
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.