by our College Data Analytics TeamThis page focuses on the debt students take on to attend Platt College-Riverside, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Platt College - Riverside, 80% of first-year students take on loan debt, at roughly $10,931 each — a figure that counts both private and federal student loans.
The average federal loan is $9,938. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at Platt College - Riverside, 87% finance part of their studies with federal loans, borrowing on average $8,642 annually. That amounts to 13.0% less than the $9,938 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $17,284 over two years and about $34,568 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 87% |
| Average federal loan per year | $8,642 |
| Undergraduates with a federal loan | 359 |
| Total federal loans (one year) | $3,102,594 |
The median student at Platt College - Riverside borrows $15,215 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,215 |
| Students who completed (graduates) | $18,685 |
| Students who withdrew | $5,645 |
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 Platt College - Riverside.
| 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 - Riverside.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Platt College - Riverside.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 482 | $7,741 |
| Completed (graduates) | 343 | $10,066 |
| Did not complete | 139 | $5,246 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $119.7/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Platt College - Riverside.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 465 | — |
| No Stafford loan this year | 17 | — |
These figures turn the debt totals into a monthly repayment picture for Platt College - Riverside.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Platt College - Riverside is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.2% |
| Borrowers in the cohort | 464 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $14,874 |
| Middle income | $16,370 |
| High income | $14,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,013 |
| Continuing-generation students | $16,555 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,681 |
| Independent students | $17,903 |
Federal data publishes the following gap measures for Platt College - Riverside.
Subsidized vs. 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.
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.