by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Morton College, 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 Morton College, 1% of freshmen borrow to help pay for their first year, at roughly $4,949 per borrower, covering both private and federal loans.
The typical federal loan comes to $4,949, which is 90.0% of the $5,500 first-year borrowing cap for the typical first-year 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 Morton College, 2% use federal student loans to help pay for their education, with a mean of $5,122 in federal loans per year. This is 3.5% greater than the first-year federal average of $4,949.
Borrowing at that rate every year works out to about $10,244 over two years and about $20,488 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 2% |
| Average federal loan per year | $5,122 |
| Undergraduates with a federal loan | 45 |
| Total federal loans (one year) | $230,482 |
The middle borrower at Morton College owes $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $8,000 |
| Students who withdrew | $5,250 |
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 Morton College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,250 |
| 75th percentile | $8,750 |
| 90th percentile (highest-debt students) | $16,500 |
How wide this percentile range is tells you how much borrowing varies across students at Morton College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Morton College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 163 | $10,664 |
| Completed (graduates) | 34 | $16,319 |
| Did not complete | 129 | $10,472 |
On a standard 10-year plan, the median completing borrower would pay about $194.05/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Morton College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 25 | $9,004 |
| No Stafford loan this year | 138 | $10,695 |
These figures turn the debt totals into a monthly repayment picture for Morton 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 federal two-year cohort default rate for Morton College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.2% |
| Borrowers in the cohort | 197 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,000 |
| Middle income | $5,250 |
| High income | $5,375 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,500 |
| Independent students | $8,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Morton 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.