by our College Data Analytics TeamThis page focuses on the debt students take on to attend Miles Community College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Miles Community College specifically, 46% of new students use loans toward freshman-year expenses, at roughly $6,634 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $5,765. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Miles Community College, 43% take out federal student loans, borrowing on average $6,111 each per year. This works out to 6.0% higher than the $5,765 typical freshmen borrow.
Repeating that yearly amount projects to about $12,222 across two years and $24,444 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $6,111 |
| Undergraduates with a federal loan | 152 |
| Total federal loans (one year) | $928,809 |
The middle borrower at Miles Community College owes $8,025 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,025 |
| Students who completed (graduates) | $11,500 |
| Students who withdrew | $5,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Miles Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,943 |
| 75th percentile | $12,000 |
| 90th percentile (highest-debt students) | $18,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Miles Community College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Miles Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 62 | $10,025 |
Federal data lets us separate Stafford borrowers from the rest at Miles Community College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 29 | $6,775 |
| No Stafford loan this year | 33 | $11,918 |
The indicators below describe what the typical debt costs to pay back at Miles Community College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Miles Community College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.0% |
| Borrowers in the cohort | 191 |
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 | $7,855 |
| Middle income | $9,101 |
| High income | $6,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,855 |
| Continuing-generation students | $8,250 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Miles Community College.
Subsidized vs. 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
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.