by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Madison Adult Career Center, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Among first-year students at Madison Adult Career Center, 14% of incoming students take out a loan to help cover first-year costs, with a typical loan of $4,862 per student, private and federal loans combined.
Federal loans alone average $4,862, equal to roughly 88.4% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Madison Adult Career Center, 21% finance part of their studies with federal loans, with a mean of $4,427 annually. That amounts to 8.9% smaller than the freshman federal average of $4,862.
Repeating that yearly amount projects to about $8,854 after two years and $17,708 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 21% |
| Average federal loan per year | $4,427 |
| Undergraduates with a federal loan | 29 |
| Total federal loans (one year) | $128,391 |
Graduating and withdrawing students at Madison Adult Career Center carry a median federal debt of $3,383 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,383 |
| Students who completed (graduates) | $4,266 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Madison Adult Career Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,372 |
| 75th percentile | $8,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Madison Adult Career Center.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Madison Adult Career Center follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.0% |
| Borrowers in the cohort | 50 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.