by our College Data Analytics TeamHere you will find what students actually borrow to attend Manhattan Area Technical 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.
Among first-year students at MATC, 38% of incoming undergraduates borrow in year one, for an average of $6,236 per student, private and federal loans combined.
The average federally funded loan is $5,016, equal to roughly 91.2% 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.
Among all degree-seeking undergrads at MATC, 34% use federal student loans to help pay for their education, borrowing on average $6,072 a year. This is 21.1% more than the freshman federal average of $5,016.
At a steady annual pace, that totals around $12,144 over two years and about $24,288 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 34% |
| Average federal loan per year | $6,072 |
| Undergraduates with a federal loan | 112 |
| Total federal loans (one year) | $680,078 |
Graduating and withdrawing students at MATC carry a median federal debt of $7,601 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,601 |
| Students who completed (graduates) | $9,500 |
| 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 MATC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $13,184 |
| 90th percentile (highest-debt students) | $20,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at MATC.
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 MATC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 86 | $11,652 |
| Completed (graduates) | 58 | $12,509 |
| Did not complete | 28 | $10,752 |
On a standard 10-year plan, the median completing borrower would pay about $148.75/mo.
Federal data lets us separate Stafford borrowers from the rest at MATC.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 56 | $10,326 |
| No Stafford loan this year | 30 | $16,315 |
These figures turn the debt totals into a monthly repayment picture for MATC.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for MATC appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.0% |
| Borrowers in the cohort | 274 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,100 |
| Middle income | $6,939 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,707 |
| Continuing-generation students | $6,750 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at MATC.
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.