by our College Data Analytics TeamHere you will find what students actually borrow to attend Milwaukee Career College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Milwaukee Career College, 100% of new students use loans toward freshman-year expenses, averaging $5,782 each, across private and federal loan sources.
Federal loans alone average $5,782. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Milwaukee Career College, freshmen included, 100% use federal student loans to help pay for their education, at an average of $5,037 a year. That amounts to 12.9% smaller than the first-year federal average of $5,782.
Borrowing at that rate every year works out to about $10,074 after two years and $20,148 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 100% |
| Average federal loan per year | $5,037 |
| Undergraduates with a federal loan | 162 |
| Total federal loans (one year) | $815,932 |
The median student at Milwaukee Career College borrows $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $7,046 |
| Students who withdrew | $3,523 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Milwaukee Career College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,293 |
| 25th percentile | $4,354 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $15,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Milwaukee Career College.
Repayment burden translates the debt figures into what a borrower actually pays each month. Milwaukee Career College.
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 Milwaukee Career College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 24.2% |
| Borrowers in the cohort | 560 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,703 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,079 |
| Independent students | $7,046 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Milwaukee Career College.
The Difference Between Subsidized and 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
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.