by our College Data Analytics TeamThis page focuses on the debt students take on to attend IBMC 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.
For incoming students at IBMC, 55% of incoming students take out a loan to help cover first-year costs, with a typical loan of $7,154 each, across private and federal loan sources.
The average federally funded loan is $7,154. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at IBMC, 74% borrow through federal student loan programs, for a typical $7,085 in federal loans per year. That amounts to 1.0% less than the first-year federal average of $7,154.
Repeating that yearly amount projects to about $14,170 by year two and around $28,340 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 74% |
| Average federal loan per year | $7,085 |
| Undergraduates with a federal loan | 536 |
| Total federal loans (one year) | $3,797,560 |
Graduating and withdrawing students at IBMC carry a median federal debt of $7,048 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,048 |
| Students who completed (graduates) | $8,750 |
| Students who withdrew | $4,104 |
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 IBMC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $19,159 |
| 90th percentile (highest-debt students) | $23,522 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at IBMC.
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 IBMC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 132 | $8,294 |
| Completed (graduates) | 99 | $9,215 |
| Did not complete | 33 | $5,424 |
On a standard 10-year plan, the median completing borrower would pay about $109.58/mo.
Federal data lets us separate Stafford borrowers from the rest at IBMC.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 119 | — |
| No Stafford loan this year | 13 | — |
These figures turn the debt totals into a monthly repayment picture for IBMC.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for IBMC appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.2% |
| Borrowers in the cohort | 584 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,486 |
| Middle income | $6,558 |
| High income | $6,333 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,334 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,558 |
| Independent students | $8,033 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at IBMC.
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.