by our College Data Analytics TeamHere you will find what students actually borrow to attend Manhattan School of Music: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Manhattan School of Music, 32% of new students use loans toward freshman-year expenses, with a typical loan of $8,857 per student, private and federal loans combined.
On the federal side, the average loan is $5,357, which is 97.4% of the typical first-year dependent student borrowing cap of $5,500. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Manhattan School of Music, freshmen included, 34% borrow through federal student loan programs, with a mean of $6,561 a year. That is 22.5% larger than the first-year federal average of $5,357.
Borrowing at that rate every year works out to about $13,122 in two years and roughly $26,244 after four. 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 | $6,561 |
| Undergraduates with a federal loan | 180 |
| Total federal loans (one year) | $1,180,921 |
Graduating and withdrawing students at Manhattan School of Music carry a median federal debt of $25,125 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $25,125 |
| Students who completed (graduates) | $26,994 |
| Students who withdrew | $8,625 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Manhattan School of Music.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $10,298 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,562 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Manhattan School of Music.
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 Manhattan School of Music.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 128 | $60,233 |
| Completed (graduates) | 102 | $76,515 |
| Did not complete | 26 | $23,625 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $909.84/mo.
These figures turn the debt totals into a monthly repayment picture for Manhattan School of Music.
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 Manhattan School of Music follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.6% |
| Borrowers in the cohort | 192 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $27,000 |
| Middle income | $26,747 |
| High income | $19,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $25,250 |
| Continuing-generation students | $24,875 |
Federal data publishes the following gap measures for Manhattan School of Music.
Subsidized vs. 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
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.