by our College Data Analytics TeamHere you will find what students actually borrow to attend Morgan Community College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Looking at the entering class at Morgan Community College, 22% of new students use loans toward freshman-year expenses, at roughly $3,131 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $3,131, amounting to 56.9% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Morgan Community College (freshmen included), 20% rely on federal student loans toward their education, averaging $3,941 each per year. It comes to 25.9% more than the $3,131 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $7,882 after two years and $15,764 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 20% |
| Average federal loan per year | $3,941 |
| Undergraduates with a federal loan | 122 |
| Total federal loans (one year) | $480,776 |
The median student at Morgan Community College borrows $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $8,501 |
| Students who withdrew | $4,500 |
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 Morgan Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,768 |
| 25th percentile | $3,400 |
| 75th percentile | $12,944 |
| 90th percentile (highest-debt students) | $22,875 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Morgan Community College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Morgan Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 59 | $9,200 |
| Completed (graduates) | 25 | $8,221 |
| Did not complete | 34 | $10,309 |
On a standard 10-year plan, the median completing borrower would pay about $97.76/mo.
Federal data lets us separate Stafford borrowers from the rest at Morgan Community College.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 29 | $8,000 |
| No Stafford loan this year | 30 | $10,668 |
The indicators below describe what the typical debt costs to pay back at Morgan Community College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Morgan Community College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.8% |
| Borrowers in the cohort | 259 |
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 | $5,750 |
| Middle income | $5,597 |
| High income | $4,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,250 |
| Continuing-generation students | $5,925 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,599 |
| Independent students | $6,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Morgan 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.
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.