by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Mid Michigan College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Mid Michigan College specifically, 28% of incoming undergraduates borrow in year one, for an average of $5,929 each, across private and federal loan sources.
The average federal loan is $5,945. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Mid Michigan College, 39% rely on federal student loans toward their education, averaging $6,813 each per year. That amounts to 14.6% higher than the $5,945 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $13,626 by year two and around $27,252 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $6,813 |
| Undergraduates with a federal loan | 783 |
| Total federal loans (one year) | $5,334,308 |
Graduating and withdrawing students at Mid Michigan College carry a median federal debt of $7,810 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,810 |
| Students who completed (graduates) | $13,750 |
| Students who withdrew | $6,000 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Mid Michigan College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,251 |
| 75th percentile | $14,497 |
| 90th percentile (highest-debt students) | $25,250 |
How wide this percentile range is tells you how much borrowing varies across students at Mid Michigan College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Mid Michigan College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 397 | $11,915 |
| Completed (graduates) | 58 | $13,250 |
| Did not complete | 339 | $11,675 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $157.56/mo.
Federal data lets us separate Stafford borrowers from the rest at Mid Michigan College.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 387 | — |
| No Stafford loan | 10 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 229 | $11,117 |
| No Stafford loan this year | 168 | $13,339 |
The indicators below describe what the typical debt costs to pay back at Mid Michigan College.
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 Mid Michigan College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.5% |
| Borrowers in the cohort | 1466 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $9,271 |
| Middle income | $6,625 |
| High income | $6,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,442 |
| Continuing-generation students | $6,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,900 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Mid Michigan College.
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.
Worth Knowing
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.