by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Indian Hills Community 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.
At IHCC specifically, 39% of incoming students take out a loan to help cover first-year costs, at roughly $4,627 per borrower, covering both private and federal loans.
On the federal side, the average loan is $4,373, or about 79.5% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at IHCC, 38% rely on federal student loans toward their education, for a typical $5,079 a year. This works out to 16.1% larger than the $4,373 borrowed by freshmen.
Repeating that yearly amount projects to about $10,158 after two years and $20,316 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 38% |
| Average federal loan per year | $5,079 |
| Undergraduates with a federal loan | 597 |
| Total federal loans (one year) | $3,031,986 |
The middle borrower at IHCC owes $7,125 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,125 |
| Students who completed (graduates) | $10,500 |
| Students who withdrew | $5,500 |
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 IHCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,834 |
| 25th percentile | $3,544 |
| 75th percentile | $14,000 |
| 90th percentile (highest-debt students) | $22,227 |
How wide this percentile range is tells you how much borrowing varies across students at IHCC.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at IHCC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 170 | $8,326 |
| Completed (graduates) | 69 | $8,252 |
| Did not complete | 101 | $8,426 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $98.13/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at IHCC.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 124 | $7,370 |
| No Stafford loan this year | 46 | $10,480 |
Repayment burden translates the debt figures into what a borrower actually pays each month. IHCC.
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 IHCC is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.9% |
| Borrowers in the cohort | 1836 |
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 | $7,862 |
| Middle income | $6,500 |
| High income | $7,333 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,125 |
| Continuing-generation students | $7,174 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,917 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for IHCC.
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.
Did You Know?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.