by our College Data Analytics TeamHere you will find what students actually borrow to attend Milan Institute-Bakersfield— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Milan Institute-Bakersfield, 61% of first-year students take on loan debt, at roughly $5,186 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $5,186, which is 94.3% of the $5,500 federal limit that applies to a typical first-year dependent borrower. 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 Milan Institute-Bakersfield, 65% finance part of their studies with federal loans, averaging $5,178 annually. That amounts to 0.2% lower than the $5,186 freshmen take on.
Carrying that yearly figure forward comes to roughly $10,356 in two years and roughly $20,712 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $5,178 |
| Undergraduates with a federal loan | 616 |
| Total federal loans (one year) | $3,189,648 |
Graduating and withdrawing students at Milan Institute-Bakersfield carry a median federal debt of $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Milan Institute-Bakersfield.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,109 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $11,253 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Milan Institute-Bakersfield.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Milan Institute-Bakersfield.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 235 | $4,675 |
| Completed (graduates) | 182 | $5,076 |
| Did not complete | 53 | $3,396 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $60.36/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 Milan Institute-Bakersfield.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 214 | $4,545 |
| No Stafford loan this year | 21 | $7,786 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Milan Institute-Bakersfield.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Milan Institute-Bakersfield follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.2% |
| Borrowers in the cohort | 761 |
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 | $6,333 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
Federal data publishes the following gap measures for Milan Institute-Bakersfield.
The Difference Between 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?
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.