by our College Data Analytics TeamThis page focuses on the debt students take on to attend Midwestern Career College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at Midwestern Career College, 69% of incoming students take out a loan to help cover first-year costs, with a typical loan of $5,951 per borrower, covering both private and federal loans.
The average federally funded loan is $5,929. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Midwestern Career College, 51% take out federal student loans, averaging $7,309 annually. This works out to 23.3% higher than the $5,929 borrowed by freshmen.
At a steady annual pace, that totals around $14,618 after two years and $29,236 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 51% |
| Average federal loan per year | $7,309 |
| Undergraduates with a federal loan | 612 |
| Total federal loans (one year) | $4,472,846 |
Graduating and withdrawing students at Midwestern Career College carry a median federal debt of $7,521 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,521 |
| Students who completed (graduates) | $7,521 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Midwestern Career College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,563 |
| 25th percentile | $4,750 |
| 75th percentile | $10,586 |
| 90th percentile (highest-debt students) | $13,438 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Midwestern Career College.
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 Midwestern Career College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 72 | $8,970 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Midwestern Career College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Midwestern Career College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.5% |
| Borrowers in the cohort | 18 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,521 |
| Middle income | $7,521 |
| High income | $8,184 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,521 |
| Continuing-generation students | $7,521 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,521 |
| Independent students | $7,521 |
Federal data publishes the following gap measures for Midwestern Career College.
The Difference Between 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?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.