by our College Data Analytics TeamHere you will find what students actually borrow to attend Labette Community College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at Labette Community College, 9% of incoming undergraduates borrow in year one, at roughly $4,861 each, across private and federal loan sources.
On the federal side, the average loan is $4,861, which is 88.4% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Labette Community College, freshmen included, 16% borrow through federal student loan programs, averaging $5,380 per year. It comes to 10.7% larger than the freshman federal average of $4,861.
Carrying that yearly figure forward comes to roughly $10,760 in two years and roughly $21,520 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 16% |
| Average federal loan per year | $5,380 |
| Undergraduates with a federal loan | 122 |
| Total federal loans (one year) | $656,332 |
The median student at Labette Community College borrows $6,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,500 |
| Students who completed (graduates) | $10,500 |
| Students who withdrew | $5,500 |
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 Labette Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,704 |
| 25th percentile | $2,750 |
| 75th percentile | $10,000 |
| 90th percentile (highest-debt students) | $19,100 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Labette Community College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Labette Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 51 | $7,664 |
Federal data lets us separate Stafford borrowers from the rest at Labette Community College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 19 | $7,141 |
| No Stafford loan this year | 32 | $8,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Labette Community 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 Labette Community College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.0% |
| Borrowers in the cohort | 200 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,478 |
| Middle income | $5,500 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,000 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $10,125 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Labette Community College.
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
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.