by our College Data Analytics TeamThis page focuses on the debt students take on to attend Millersville University of Pennsylvania, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Millersville specifically, 62% of first-year students take on loan debt, at roughly $9,895 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $5,296, or about 96.3% 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 Millersville (freshmen included), 52% finance part of their studies with federal loans, for a typical $6,234 a year. That amounts to 17.7% above the first-year federal average of $5,296.
At a steady annual pace, that totals around $12,468 over two years and about $24,936 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 52% |
| Average federal loan per year | $6,234 |
| Undergraduates with a federal loan | 2,933 |
| Total federal loans (one year) | $18,284,685 |
The median student at Millersville borrows $17,220 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,220 |
| Students who completed (graduates) | $23,507 |
| Students who withdrew | $9,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Millersville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $32,250 |
How wide this percentile range is tells you how much borrowing varies across students at Millersville.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Millersville.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1227 | $22,318 |
| Completed (graduates) | 583 | $29,193 |
| Did not complete | 644 | $18,716 |
On a standard 10-year plan, the median completing borrower would pay about $347.14/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Millersville.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1210 | — |
| No Stafford loan | 17 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 1025 | $23,288 |
| No Stafford loan this year | 202 | $17,642 |
These figures turn the debt totals into a monthly repayment picture for Millersville.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Millersville appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.8% |
| Borrowers in the cohort | 2139 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $17,279 |
| Middle income | $17,500 |
| High income | $16,793 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,342 |
| Continuing-generation students | $16,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,500 |
| Independent students | $15,335 |
Federal data publishes the following gap measures for Millersville.
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.