by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Schoolcraft Community College District, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at Schoolcraft College, 4% of incoming undergraduates borrow in year one, at roughly $4,838 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $4,838, which is 88.0% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Schoolcraft College, freshmen included, 9% finance part of their studies with federal loans, averaging $5,624 annually. That is 16.2% above the $4,838 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $11,248 over two years and about $22,496 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 | 9% |
| Average federal loan per year | $5,624 |
| Undergraduates with a federal loan | 571 |
| Total federal loans (one year) | $3,211,495 |
The middle borrower at Schoolcraft College owes $5,531 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,531 |
| Students who completed (graduates) | $10,500 |
| Students who withdrew | $5,383 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Schoolcraft College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,700 |
| 25th percentile | $2,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $17,533 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Schoolcraft 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 Schoolcraft College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1012 | $13,857 |
| Completed (graduates) | 139 | $11,656 |
| Did not complete | 873 | $14,549 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $138.6/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Schoolcraft College.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 992 | $13,950 |
| No Stafford loan | 20 | $8,761 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 205 | $11,500 |
| No Stafford loan this year | 807 | $14,985 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Schoolcraft College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Schoolcraft College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.4% |
| Borrowers in the cohort | 1220 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,950 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,548 |
| Continuing-generation students | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,750 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Schoolcraft College.
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.
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.