by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Manchester University, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Manchester University specifically, 70% of freshmen borrow to help pay for their first year, for an average of $9,456 per borrower, covering both private and federal loans.
Federal loans alone average $7,306. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Manchester University (freshmen included), 72% use federal student loans to help pay for their education, averaging $8,809 in federal loans per year. That amounts to 20.6% more than the $7,306 freshmen take on.
Borrowing at that rate every year works out to about $17,618 by year two and around $35,236 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 72% |
| Average federal loan per year | $8,809 |
| Undergraduates with a federal loan | 641 |
| Total federal loans (one year) | $5,646,885 |
The middle borrower at Manchester University owes $12,250 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,250 |
| Students who completed (graduates) | $26,854 |
| Students who withdrew | $7,000 |
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 Manchester University.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,250 |
| 25th percentile | $5,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $31,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Manchester University.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Manchester University.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 256 | $20,348 |
| Completed (graduates) | 115 | $30,398 |
| Did not complete | 141 | $13,626 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $361.46/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Manchester University.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Manchester University is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.9% |
| Borrowers in the cohort | 354 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $11,000 |
| Middle income | $12,000 |
| High income | $17,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $15,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Manchester University.
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.