by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Jersey College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Jersey College, 83% of incoming students take out a loan to help cover first-year costs, with a typical loan of $6,853 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $6,298. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. 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 Jersey College, freshmen included, 77% use federal student loans to help pay for their education, averaging $7,608 annually. It comes to 20.8% more than the first-year federal average of $6,298.
Carrying that yearly figure forward comes to roughly $15,216 by year two and around $30,432 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 77% |
| Average federal loan per year | $7,608 |
| Undergraduates with a federal loan | 4,662 |
| Total federal loans (one year) | $35,466,646 |
The median student at Jersey College borrows $16,010 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,010 |
| Students who completed (graduates) | $21,000 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Jersey College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,334 |
| 75th percentile | $21,000 |
| 90th percentile (highest-debt students) | $26,250 |
How wide this percentile range is tells you how much borrowing varies across students at Jersey College.
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 Jersey College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 462 | $8,770 |
| Completed (graduates) | 213 | $9,763 |
| Did not complete | 249 | $7,334 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $116.09/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Jersey College.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 451 | — |
| No Stafford loan this year | 11 | — |
These figures turn the debt totals into a monthly repayment picture for Jersey 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 Jersey College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.8% |
| Borrowers in the cohort | 428 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,010 |
| Middle income | $16,010 |
| High income | $17,430 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,010 |
| Continuing-generation students | $16,430 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,755 |
| Independent students | $16,010 |
Federal data publishes the following gap measures for Jersey College.
Subsidized vs. 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.
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.