by our College Data Analytics TeamHere you will find what students actually borrow to attend Monroe Community College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Monroe Community College, 31% of incoming students take out a loan to help cover first-year costs, averaging $5,295 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $5,002, or about 90.9% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Monroe Community College, 33% use federal student loans to help pay for their education, averaging $6,272 a year. This is 25.4% higher than the $5,002 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $12,544 after two years and $25,088 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 33% |
| Average federal loan per year | $6,272 |
| Undergraduates with a federal loan | 2,556 |
| Total federal loans (one year) | $16,032,013 |
The middle borrower at Monroe Community College owes $6,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,500 |
| Students who completed (graduates) | $9,750 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Monroe Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,786 |
| 75th percentile | $11,000 |
| 90th percentile (highest-debt students) | $18,549 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Monroe Community College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Monroe Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1450 | $13,551 |
| Completed (graduates) | 290 | $11,227 |
| Did not complete | 1160 | $14,000 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $133.5/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Monroe Community College.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1423 | $13,575 |
| No Stafford loan | 27 | $8,408 |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 600 | $9,916 |
| No Stafford loan this year | 850 | $17,842 |
The indicators below describe what the typical debt costs to pay back at Monroe 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. The official Department of Education two-year default rate for Monroe Community College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.5% |
| Borrowers in the cohort | 4673 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $6,762 |
| Middle income | $6,250 |
| High income | $6,038 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,750 |
| Continuing-generation students | $5,750 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,607 |
| Independent students | $8,000 |
Federal data publishes the following gap measures for Monroe Community College.
Subsidized and 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.
Did You Know?
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.
