by our College Data Analytics TeamBelow is federal data on the loans students use to pay for ASPIRA City College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at The Workforce Institute’s City College, 67% of first-year students take on loan debt, borrowing on average $5,500 per borrower, covering both private and federal loans.
The average federal loan is $5,500, representing 100.0% of the $5,500 first-year borrowing cap for the typical first-year dependent student. 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 The Workforce Institute’s City College, freshmen included, 58% take out federal student loans, at an average of $5,638 annually. That is 2.5% higher than the first-year federal average of $5,500.
Repeating that yearly amount projects to about $11,276 over two years and about $22,552 after four. 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 | $5,638 |
| Undergraduates with a federal loan | 7 |
| Total federal loans (one year) | $39,468 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at The Workforce Institute’s City College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $10,313 |
These figures turn the debt totals into a monthly repayment picture for The Workforce Institute’s City College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for The Workforce Institute’s City College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.8% |
| Borrowers in the cohort | 108 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.