by our College Data Analytics TeamThis page focuses on the debt students take on to attend Mildred Elley-New York Campus, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Among first-year students at Mildred Elley NYC, 92% of incoming undergraduates borrow in year one, for an average of $10,934 per student, private and federal loans combined.
The average federally funded loan is $10,934. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Mildred Elley NYC, 80% finance part of their studies with federal loans, borrowing on average $9,217 per year. That amounts to 15.7% smaller than the $10,934 freshmen take on.
Borrowing the same amount each year would add up to roughly $18,434 after two years and $36,868 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 | 80% |
| Average federal loan per year | $9,217 |
| Undergraduates with a federal loan | 804 |
| Total federal loans (one year) | $7,410,124 |
The median student at Mildred Elley NYC borrows $12,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
| Students who completed (graduates) | $19,000 |
| Students who withdrew | $9,500 |
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 Mildred Elley NYC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,925 |
| 75th percentile | $18,613 |
| 90th percentile (highest-debt students) | $23,450 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Mildred Elley NYC.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Mildred Elley NYC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 161 | $6,378 |
| Completed (graduates) | 52 | $7,479 |
| Did not complete | 109 | $5,772 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $88.93/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Mildred Elley NYC.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 143 | — |
| No Stafford loan this year | 18 | — |
The indicators below describe what the typical debt costs to pay back at Mildred Elley NYC.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Mildred Elley NYC appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.8% |
| Borrowers in the cohort | 870 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $12,250 |
| High income | $9,875 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,072 |
| Continuing-generation students | $10,999 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,501 |
| Independent students | $12,850 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Mildred Elley NYC.
Subsidized vs. 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.