by our College Data Analytics TeamHere you will find what students actually borrow to attend Mission College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Mission College, 0% of incoming undergraduates borrow in year one, for an average of $5,073 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,073, equal to roughly 92.2% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Mission College, freshmen included, 0% take out federal student loans, averaging $7,174 per year. That amounts to 41.4% above the freshman federal average of $5,073.
At a steady annual pace, that totals around $14,348 across two years and $28,696 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 | 0% |
| Average federal loan per year | $7,174 |
| Undergraduates with a federal loan | 23 |
| Total federal loans (one year) | $165,006 |
The median student at Mission College borrows $8,816 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,816 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Mission College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,952 |
| 25th percentile | $3,500 |
| 75th percentile | $9,338 |
| 90th percentile (highest-debt students) | $14,352 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Mission College.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Mission College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 135 | $15,577 |
These figures turn the debt totals into a monthly repayment picture for Mission College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Mission College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.7% |
| Borrowers in the cohort | 102 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Subsidized vs. 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.
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.