by our College Data Analytics TeamThis page focuses on the debt students take on to attend Marymount Manhattan College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At MMC specifically, 88% of incoming undergraduates borrow in year one, for an average of $7,556 per student, private and federal loans combined.
Federal loans alone average $5,682. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at MMC, 72% take out federal student loans, averaging $6,597 each per year. This is 16.1% greater than the $5,682 freshmen take on.
Repeating that yearly amount projects to about $13,194 by year two and around $26,388 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 72% |
| Average federal loan per year | $6,597 |
| Undergraduates with a federal loan | 1,172 |
| Total federal loans (one year) | $7,732,104 |
Graduating and withdrawing students at MMC carry a median federal debt of $19,250 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,250 |
| Students who completed (graduates) | $25,750 |
| Students who withdrew | $8,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for MMC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,250 |
| 25th percentile | $6,687 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $29,483 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at MMC.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for MMC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 485 | $54,651 |
| Completed (graduates) | 287 | $84,946 |
| Did not complete | 198 | $30,531 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $1010.1/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at MMC.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 451 | $55,639 |
| No Stafford loan | 34 | $34,675 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 424 | $58,569 |
| No Stafford loan this year | 61 | $33,486 |
These figures turn the debt totals into a monthly repayment picture for MMC.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for MMC is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.1% |
| Borrowers in the cohort | 476 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $16,000 |
| Middle income | $19,500 |
| High income | $19,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,125 |
| Continuing-generation students | $19,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,625 |
| Independent students | $25,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at MMC.
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.