by our College Data Analytics TeamThis page focuses on the debt students take on to attend Mildred Elley School-Albany Campus: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Mildred Elley Albany, 78% of new students use loans toward freshman-year expenses, averaging $8,426 per student, private and federal loans combined.
The typical federal loan comes to $8,426. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Mildred Elley Albany, 69% take out federal student loans, with a mean of $7,888 each per year. This works out to 6.4% less than the $8,426 borrowed by freshmen.
Repeating that yearly amount projects to about $15,776 in two years and roughly $31,552 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 69% |
| Average federal loan per year | $7,888 |
| Undergraduates with a federal loan | 266 |
| Total federal loans (one year) | $2,098,129 |
Graduating and withdrawing students at Mildred Elley Albany carry a median federal debt of $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 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Mildred Elley Albany.
| 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 Albany.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Mildred Elley Albany.
| 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.
Federal data lets us separate Stafford borrowers from the rest at Mildred Elley Albany.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 143 | — |
| No Stafford loan this year | 18 | — |
These figures turn the debt totals into a monthly repayment picture for Mildred Elley Albany.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Mildred Elley Albany follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.8% |
| Borrowers in the cohort | 870 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
| Middle income | $12,250 |
| High income | $9,875 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,072 |
| Continuing-generation students | $10,999 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,501 |
| Independent students | $12,850 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Mildred Elley Albany.
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.
Important to Remember
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.