by our College Data Analytics TeamThis page focuses on the debt students take on to attend Nashua 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 Nashua Community College, 28% of incoming undergraduates borrow in year one, borrowing on average $6,122 per student, private and federal loans combined.
The typical federal loan comes to $5,123, which is 93.1% of the $5,500 cap on first-year federal borrowing for the typical 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 Nashua Community College (freshmen included), 25% finance part of their studies with federal loans, borrowing on average $6,394 per year. This works out to 24.8% greater than the $5,123 freshmen take on.
Carrying that yearly figure forward comes to roughly $12,788 across two years and $25,576 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 25% |
| Average federal loan per year | $6,394 |
| Undergraduates with a federal loan | 255 |
| Total federal loans (one year) | $1,630,361 |
The middle borrower at Nashua Community College owes $7,833 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,833 |
| Students who completed (graduates) | $11,000 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Nashua Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,500 |
| 75th percentile | $12,800 |
| 90th percentile (highest-debt students) | $20,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Nashua Community College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Nashua Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 129 | $10,529 |
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Nashua Community College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 56 | $9,959 |
| No Stafford loan this year | 73 | $11,752 |
The indicators below describe what the typical debt costs to pay back at Nashua 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 federal two-year cohort default rate for Nashua Community College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.1% |
| Borrowers in the cohort | 805 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,755 |
| Middle income | $8,363 |
| High income | $7,559 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,847 |
| Continuing-generation students | $7,417 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,925 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Nashua Community College.
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Important to Remember
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.