by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Mildred Elley Pittsfield: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Mildred Elley Pittsfield, 87% of first-year students take on loan debt, for an average of $7,536 each — a figure that counts both private and federal student loans.
Federal loans alone average $7,536. That is at or past the $5,500 federal first-year limit for 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.
Looking at all undergraduates at Mildred Elley Pittsfield, freshmen included, 66% rely on federal student loans toward their education, at an average of $7,476 annually. It comes to 0.8% smaller than the freshman federal average of $7,536.
Borrowing at that rate every year works out to about $14,952 over two years and about $29,904 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $7,476 |
| Undergraduates with a federal loan | 113 |
| Total federal loans (one year) | $844,814 |
The middle borrower at Mildred Elley Pittsfield owes $12,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
| Students who completed (graduates) | $19,000 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Mildred Elley Pittsfield.
| 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 Pittsfield.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Mildred Elley Pittsfield.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 161 | $6,378 |
| Completed (graduates) | 52 | $7,479 |
| Did not complete | 109 | $5,772 |
On a standard 10-year plan, the median completing borrower would pay about $88.93/mo.
Federal data lets us separate Stafford borrowers from the rest at Mildred Elley Pittsfield.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 143 | — |
| No Stafford loan this year | 18 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Mildred Elley Pittsfield.
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 Mildred Elley Pittsfield follows.
| 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.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| 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 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,501 |
| Independent students | $12,850 |
Federal data publishes the following gap measures for Mildred Elley Pittsfield.
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.
Important to Remember
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.