by our College Data Analytics TeamHere you will find what students actually borrow to attend Mitchell 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.
Among first-year students at Mitchell College, 78% of first-year students take on loan debt, for an average of $9,337 each — a figure that counts both private and federal student loans.
The average federal loan is $5,279, or about 96.0% of the typical first-year dependent student borrowing cap of $5,500. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at Mitchell College, 69% use federal student loans to help pay for their education, at an average of $6,553 annually. That amounts to 24.1% more than the first-year federal average of $5,279.
Carrying that yearly figure forward comes to roughly $13,106 over two years and about $26,212 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 69% |
| Average federal loan per year | $6,553 |
| Undergraduates with a federal loan | 292 |
| Total federal loans (one year) | $1,913,524 |
The middle borrower at Mitchell College owes $15,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,000 |
| Students who completed (graduates) | $25,150 |
| Students who withdrew | $6,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Mitchell College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $6,526 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Mitchell College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Mitchell College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 154 | $23,227 |
| Completed (graduates) | 88 | $31,955 |
| Did not complete | 66 | $15,033 |
On a standard 10-year plan, the median completing borrower would pay about $379.98/mo.
These figures turn the debt totals into a monthly repayment picture for Mitchell College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Mitchell College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.1% |
| Borrowers in the cohort | 219 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,295 |
| Middle income | $14,441 |
| High income | $17,800 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,250 |
| Continuing-generation students | $14,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,125 |
| Independent students | $19,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Mitchell 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.