by our College Data Analytics TeamHere you will find what students actually borrow to attend MyComputerCareer at Raleigh, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At MyComputerCareer - Raleigh specifically, 88% of first-year students take on loan debt, with a typical loan of $13,466 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $8,877. This reaches or tops the $5,500 first-year federal borrowing cap for a 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 MyComputerCareer - Raleigh, 80% rely on federal student loans toward their education, borrowing on average $9,021 in federal loans per year. That amounts to 1.6% higher than the $8,877 typical freshmen borrow.
At a steady annual pace, that totals around $18,042 across two years and $36,084 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 80% |
| Average federal loan per year | $9,021 |
| Undergraduates with a federal loan | 2,252 |
| Total federal loans (one year) | $20,314,291 |
The median student at MyComputerCareer - Raleigh borrows $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for MyComputerCareer - Raleigh.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at MyComputerCareer - Raleigh.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at MyComputerCareer - Raleigh.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 441 | $11,764 |
| Completed (graduates) | 364 | $13,297 |
| Did not complete | 77 | $5,828 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $158.12/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at MyComputerCareer - Raleigh.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 427 | — |
| No Stafford loan | 14 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 396 | $12,352 |
| No Stafford loan this year | 45 | $5,369 |
Repayment burden translates the debt figures into what a borrower actually pays each month. MyComputerCareer - Raleigh.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $9,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at MyComputerCareer - Raleigh.
The Difference Between Subsidized and 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.
Worth Knowing
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.