by our College Data Analytics TeamThis page focuses on the debt students take on to attend Platt College-Ontario, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Platt College - Ontario, 88% of first-year students take on loan debt, with a typical loan of $10,277 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $9,400. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at Platt College - Ontario, 75% take out federal student loans, averaging $9,759 each per year. It comes to 3.8% more than the $9,400 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $19,518 by year two and around $39,036 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 75% |
| Average federal loan per year | $9,759 |
| Undergraduates with a federal loan | 351 |
| Total federal loans (one year) | $3,425,317 |
The median student at Platt College - Ontario borrows $15,215 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,215 |
| Students who completed (graduates) | $18,685 |
| Students who withdrew | $5,645 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Platt College - Ontario.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,613 |
| 25th percentile | $10,133 |
| 75th percentile | $25,052 |
| 90th percentile (highest-debt students) | $32,492 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Platt College - Ontario.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Platt College - Ontario.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 482 | $7,741 |
| Completed (graduates) | 343 | $10,066 |
| Did not complete | 139 | $5,246 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $119.7/mo.
Federal data lets us separate Stafford borrowers from the rest at Platt College - Ontario.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 465 | — |
| No Stafford loan this year | 17 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Platt College - Ontario.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Platt College - Ontario is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.2% |
| Borrowers in the cohort | 464 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $14,874 |
| Middle income | $16,370 |
| High income | $14,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,013 |
| Continuing-generation students | $16,555 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,681 |
| Independent students | $17,903 |
Federal data publishes the following gap measures for Platt College - Ontario.
The Difference Between 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.
Did You Know?
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.