by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Montserrat College of Art, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Montserrat College of Art, 80% of first-year students take on loan debt, at roughly $9,202 each, across private and federal loan sources.
The average federally funded loan is $5,188, representing 94.3% 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.
For undergraduates overall at Montserrat College of Art, 75% use federal student loans to help pay for their education, for a typical $6,641 annually. This works out to 28.0% larger than the $5,188 freshmen take on.
Borrowing at that rate every year works out to about $13,282 over two years and about $26,564 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 75% |
| Average federal loan per year | $6,641 |
| Undergraduates with a federal loan | 196 |
| Total federal loans (one year) | $1,301,639 |
The middle borrower at Montserrat College of Art owes $23,707 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $23,707 |
| Students who completed (graduates) | $27,000 |
| Students who withdrew | $11,000 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Montserrat College of Art.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,262 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $34,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Montserrat College of Art.
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 Montserrat College of Art.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 74 | $33,802 |
| Completed (graduates) | 40 | $47,902 |
| Did not complete | 34 | $30,400 |
On a standard 10-year plan, the median completing borrower would pay about $569.61/mo.
These figures turn the debt totals into a monthly repayment picture for Montserrat College of Art.
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 Montserrat College of Art appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.2% |
| Borrowers in the cohort | 97 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $25,625 |
| Middle income | $23,500 |
| High income | $23,250 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $26,243 |
| Continuing-generation students | $20,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Montserrat College of Art.
The Difference Between 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.
Important to Remember
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.