by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Manhattan Christian 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.
At MCC, 59% of incoming students take out a loan to help cover first-year costs, at roughly $5,454 each — a figure that counts both private and federal student loans.
Federal loans alone average $4,368, which is 79.4% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at MCC, 58% rely on federal student loans toward their education, for a typical $6,585 in federal loans per year. That amounts to 50.8% more than the first-year federal average of $4,368.
Borrowing the same amount each year would add up to roughly $13,170 in two years and roughly $26,340 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $6,585 |
| Undergraduates with a federal loan | 80 |
| Total federal loans (one year) | $526,816 |
The middle borrower at MCC owes $13,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,000 |
| Students who completed (graduates) | $24,250 |
| Students who withdrew | $11,000 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at MCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $19,750 |
| 90th percentile (highest-debt students) | $28,000 |
How wide this percentile range is tells you how much borrowing varies across students at MCC.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at MCC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 41 | $18,100 |
These figures turn the debt totals into a monthly repayment picture for MCC.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for MCC follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0.7% |
| Borrowers in the cohort | 130 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $20,000 |
| Middle income | $12,066 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $12,131 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at MCC.
The Difference Between 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.
Important to Remember
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.