by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Manor College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Looking at the entering class at Manor College, 72% of incoming undergraduates borrow in year one, with a typical loan of $9,564 each, across private and federal loan sources.
On the federal side, the average loan is $5,324, amounting to 96.8% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Manor College, freshmen included, 78% take out federal student loans, borrowing on average $7,832 a year. This works out to 47.1% greater than the $5,324 freshmen take on.
Borrowing the same amount each year would add up to roughly $15,664 after two years and $31,328 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 78% |
| Average federal loan per year | $7,832 |
| Undergraduates with a federal loan | 361 |
| Total federal loans (one year) | $2,827,520 |
Graduating and withdrawing students at Manor College carry a median federal debt of $11,250 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,250 |
| Students who completed (graduates) | $19,000 |
| Students who withdrew | $8,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Manor College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $5,500 |
| 75th percentile | $18,070 |
| 90th percentile (highest-debt students) | $25,250 |
How wide this percentile range is tells you how much borrowing varies across students at Manor College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Manor College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 194 | $12,025 |
| Completed (graduates) | 67 | $13,000 |
| Did not complete | 127 | $12,000 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $154.58/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Manor College.
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 Manor College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.7% |
| Borrowers in the cohort | 362 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $11,000 |
| Middle income | $12,000 |
| High income | $12,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,000 |
| Continuing-generation students | $14,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $19,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Manor College.
Subsidized vs. 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.
Worth Knowing
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.