by our College Data Analytics TeamHere you will find what students actually borrow to attend Prescott College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Prescot College, 48% of incoming undergraduates borrow in year one, with a typical loan of $5,682 per borrower, covering both private and federal loans.
The average federal loan is $5,682. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. 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 Prescot College, 53% finance part of their studies with federal loans, at an average of $8,495 each per year. That is 49.5% above the $5,682 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $16,990 in two years and roughly $33,980 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 53% |
| Average federal loan per year | $8,495 |
| Undergraduates with a federal loan | 133 |
| Total federal loans (one year) | $1,129,864 |
The median student at Prescot College borrows $12,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,500 |
| Students who completed (graduates) | $16,300 |
| Students who withdrew | $11,000 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Prescot College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,554 |
| 25th percentile | $6,500 |
| 75th percentile | $23,835 |
| 90th percentile (highest-debt students) | $33,750 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Prescot College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Prescot College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 134 | $17,409 |
| Completed (graduates) | 43 | $22,694 |
| Did not complete | 91 | $16,150 |
On a standard 10-year plan, the median completing borrower would pay about $269.86/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Prescot College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 122 | — |
| No Stafford loan this year | 12 | — |
These figures turn the debt totals into a monthly repayment picture for Prescot College.
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 Prescot College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.3% |
| Borrowers in the cohort | 411 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $12,793 |
| High income | $10,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $12,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,100 |
| Independent students | $13,834 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Prescot 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
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.