by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Jamestown Business College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Jamestown Business College, 2% of incoming students take out a loan to help cover first-year costs, for an average of $1,750 each — a figure that counts both private and federal student loans.
The average federally funded loan is $1,750, amounting to 31.8% 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.
Looking at all undergraduates at Jamestown Business College, freshmen included, 3% finance part of their studies with federal loans, with a mean of $3,240 each per year. This works out to 85.1% larger than the first-year federal average of $1,750.
At a steady annual pace, that totals around $6,480 after two years and $12,960 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 | 3% |
| Average federal loan per year | $3,240 |
| Undergraduates with a federal loan | 8 |
| Total federal loans (one year) | $25,916 |
The middle borrower at Jamestown Business College owes $10,873 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,873 |
| Students who completed (graduates) | $14,800 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Jamestown Business College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,797 |
| 25th percentile | $4,111 |
| 75th percentile | $16,000 |
| 90th percentile (highest-debt students) | $24,953 |
How wide this percentile range is tells you how much borrowing varies across students at Jamestown Business College.
These figures turn the debt totals into a monthly repayment picture for Jamestown Business College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Jamestown Business College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.9% |
| Borrowers in the cohort | 157 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,500 |
| Independent students | $11,448 |
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
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.