by our College Data Analytics TeamHere you will find what students actually borrow to attend Milan Institute-Merced, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Milan Institute-Merced, 44% of incoming undergraduates borrow in year one, at roughly $4,952 each, across private and federal loan sources.
On the federal side, the average loan is $4,952, representing 90.0% of the typical first-year dependent student borrowing cap of $5,500. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Milan Institute-Merced (freshmen included), 55% rely on federal student loans toward their education, borrowing on average $5,142 in federal loans per year. This is 3.8% above the $4,952 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $10,284 after two years and $20,568 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 | 55% |
| Average federal loan per year | $5,142 |
| Undergraduates with a federal loan | 309 |
| Total federal loans (one year) | $1,588,878 |
The middle borrower at Milan Institute-Merced owes $6,333 in federal borrowing.
| 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Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Milan Institute-Merced.
| 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 gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Milan Institute-Merced.
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 Milan Institute-Merced.
| 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-Merced.
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-Merced.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Milan Institute-Merced is shown below.
| 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-Gen vs Continuing-Gen Borrowing
| 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 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Milan Institute-Merced.
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.
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.