by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paris Junior College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Paris Junior College specifically, 3% of new students use loans toward freshman-year expenses, at roughly $4,033 each, across private and federal loan sources.
The average federally funded loan is $4,033, equal to roughly 73.3% of the typical first-year dependent student borrowing cap of $5,500. 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 Paris Junior College, 5% finance part of their studies with federal loans, with a mean of $5,224 a year. That amounts to 29.5% greater than the $4,033 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $10,448 after two years and $20,896 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 5% |
| Average federal loan per year | $5,224 |
| Undergraduates with a federal loan | 106 |
| Total federal loans (one year) | $553,709 |
The median student at Paris Junior College borrows $4,300 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,300 |
| Students who completed (graduates) | $5,342 |
| Students who withdrew | $3,900 |
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 Paris Junior College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,250 |
| 75th percentile | $4,500 |
| 90th percentile (highest-debt students) | $6,000 |
How wide this percentile range is tells you how much borrowing varies across students at Paris Junior College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Paris Junior College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 259 | $12,564 |
| Completed (graduates) | 31 | $10,389 |
| Did not complete | 228 | $12,729 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $123.54/mo.
Federal data lets us separate Stafford borrowers from the rest at Paris Junior College.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 239 | $13,155 |
| No Stafford loan | 20 | $8,746 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Paris Junior College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Paris Junior College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.9% |
| Borrowers in the cohort | 830 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $4,750 |
| Middle income | $4,125 |
| High income | $3,584 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,500 |
| Continuing-generation students | $3,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $4,750 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Paris Junior 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.
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.