by our College Data Analytics TeamHere you will find what students actually borrow to attend Keuka College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
For incoming students at Keuka College, 100% of new students use loans toward freshman-year expenses, averaging $12,571 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $4,576, amounting to 83.2% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Keuka College, 75% rely on federal student loans toward their education, with a mean of $4,512 in federal loans per year. This is 1.4% lower than the $4,576 typical freshmen borrow.
At a steady annual pace, that totals around $9,024 over two years and about $18,048 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 75% |
| Average federal loan per year | $4,512 |
| Undergraduates with a federal loan | 693 |
| Total federal loans (one year) | $3,126,493 |
Graduating and withdrawing students at Keuka College carry a median federal debt of $21,418 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $21,418 |
| Students who completed (graduates) | $27,000 |
| Students who withdrew | $8,750 |
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 Keuka College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,574 |
| 25th percentile | $7,004 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $32,293 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Keuka 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 Keuka College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 267 | $19,597 |
| Completed (graduates) | 145 | $29,800 |
| Did not complete | 122 | $13,362 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $354.35/mo.
Federal data lets us separate Stafford borrowers from the rest at Keuka College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 255 | — |
| No Stafford loan this year | 12 | — |
The indicators below describe what the typical debt costs to pay back at Keuka College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Keuka College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.6% |
| Borrowers in the cohort | 654 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $21,500 |
| Middle income | $19,799 |
| High income | $22,912 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $20,725 |
| Continuing-generation students | $23,250 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $25,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Keuka College.
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.
Worth Knowing
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.