by our College Data Analytics TeamHere you will find what students actually borrow to attend Mifflin County Academy of Science and Technology— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Mifflin County Academy of Science and Technology, 85% of new students use loans toward freshman-year expenses, with a typical loan of $5,286 each — a figure that counts both private and federal student loans.
The average federally funded loan is $4,596, amounting to 83.6% 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.
For undergraduates overall at Mifflin County Academy of Science and Technology, 75% take out federal student loans, averaging $7,472 each per year. This is 62.6% above the $4,596 freshmen take on.
Carrying that yearly figure forward comes to roughly $14,944 across two years and $29,888 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 75% |
| Average federal loan per year | $7,472 |
| Undergraduates with a federal loan | 41 |
| Total federal loans (one year) | $306,358 |
Graduating and withdrawing students at Mifflin County Academy of Science and Technology carry a median federal debt of $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Mifflin County Academy of Science and Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $13,360 |
The indicators below describe what the typical debt costs to pay back at Mifflin County Academy of Science and Technology.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Mifflin County Academy of Science and Technology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.7% |
| Borrowers in the cohort | 37 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
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.