by our College Data Analytics TeamHere you will find what students actually borrow to attend Owens Community College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Owens State Community College, 43% of incoming students take out a loan to help cover first-year costs, averaging $5,467 per student, private and federal loans combined.
The average federal loan is $5,011, amounting to 91.1% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Owens State Community College, freshmen included, 42% finance part of their studies with federal loans, borrowing on average $6,000 in federal loans per year. This works out to 19.7% above the $5,011 borrowed by freshmen.
Repeating that yearly amount projects to about $12,000 in two years and roughly $24,000 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 42% |
| Average federal loan per year | $6,000 |
| Undergraduates with a federal loan | 1,776 |
| Total federal loans (one year) | $10,656,515 |
Graduating and withdrawing students at Owens State Community College carry a median federal debt of $8,731 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,731 |
| Students who completed (graduates) | $16,667 |
| Students who withdrew | $7,000 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Owens State Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,300 |
| 75th percentile | $15,297 |
| 90th percentile (highest-debt students) | $28,001 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Owens State Community College.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Owens State Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 945 | $14,554 |
| Completed (graduates) | 151 | $13,634 |
| Did not complete | 794 | $14,888 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $162.12/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Owens State Community College.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 929 | — |
| No Stafford loan | 16 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 433 | $12,000 |
| No Stafford loan this year | 512 | $16,408 |
These figures turn the debt totals into a monthly repayment picture for Owens State Community College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Owens State Community College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 25.5% |
| Borrowers in the cohort | 6553 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,939 |
| Middle income | $8,749 |
| High income | $8,250 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,750 |
| Continuing-generation students | $8,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,581 |
| Independent students | $10,194 |
Federal data publishes the following gap measures for Owens State Community College.
Subsidized and 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
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.