by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Northeast Mississippi 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.
At Northeast Mississippi Community College specifically, 14% of new students use loans toward freshman-year expenses, at roughly $4,671 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $4,627, which is 84.1% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Northeast Mississippi Community College, 18% borrow through federal student loan programs, averaging $5,599 in federal loans per year. This is 21.0% higher than the $4,627 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $11,198 across two years and $22,396 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 18% |
| Average federal loan per year | $5,599 |
| Undergraduates with a federal loan | 487 |
| Total federal loans (one year) | $2,726,716 |
The middle borrower at Northeast Mississippi Community College owes $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $9,722 |
| Students who withdrew | $5,500 |
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 Northeast Mississippi Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,250 |
| 75th percentile | $10,500 |
| 90th percentile (highest-debt students) | $16,229 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Northeast Mississippi Community College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Northeast Mississippi Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 68 | $9,717 |
Federal data lets us separate Stafford borrowers from the rest at Northeast Mississippi Community College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 17 | — |
| No Stafford loan this year | 51 | — |
The indicators below describe what the typical debt costs to pay back at Northeast Mississippi Community College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Northeast Mississippi Community College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 18.0% |
| Borrowers in the cohort | 638 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,500 |
| High income | $7,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Northeast Mississippi Community College.
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.
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.