by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Itawamba Community College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At ICC, 10% of freshmen borrow to help pay for their first year, at roughly $4,807 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $4,744, representing 86.3% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at ICC, freshmen included, 13% use federal student loans to help pay for their education, with a mean of $5,712 per year. This is 20.4% more than the first-year federal average of $4,744.
Carrying that yearly figure forward comes to roughly $11,424 over two years and about $22,848 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 | 13% |
| Average federal loan per year | $5,712 |
| Undergraduates with a federal loan | 521 |
| Total federal loans (one year) | $2,975,726 |
The median student at ICC borrows $5,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $7,631 |
| Students who withdrew | $4,684 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 ICC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,313 |
| 25th percentile | $2,325 |
| 75th percentile | $8,275 |
| 90th percentile (highest-debt students) | $15,250 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at ICC.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at ICC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 156 | $10,025 |
| Completed (graduates) | 42 | $9,615 |
| Did not complete | 114 | $10,094 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $114.33/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at ICC.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 55 | $7,016 |
| No Stafford loan this year | 101 | $12,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. ICC.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for ICC appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.8% |
| Borrowers in the cohort | 2291 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,800 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,000 |
| Independent students | $8,700 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at ICC.
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.
Worth Knowing
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.