by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Snead State Community College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Snead State Community College, 15% of first-year students take on loan debt, for an average of $5,375 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $5,080, or about 92.4% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Snead State Community College, 19% borrow through federal student loan programs, with a mean of $6,005 per year. It comes to 18.2% above the $5,080 freshmen take on.
At a steady annual pace, that totals around $12,010 by year two and around $24,020 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 19% |
| Average federal loan per year | $6,005 |
| Undergraduates with a federal loan | 278 |
| Total federal loans (one year) | $1,669,355 |
The median student at Snead State Community College borrows $6,450 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,450 |
| Students who completed (graduates) | $9,000 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Snead State Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,736 |
| 25th percentile | $2,250 |
| 75th percentile | $7,000 |
| 90th percentile (highest-debt students) | $10,250 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Snead State Community College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Snead State Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 355 | $29,000 |
| Completed (graduates) | 25 | $17,366 |
| Did not complete | 330 | $29,861 |
On a standard 10-year plan, the median completing borrower would pay about $206.5/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 Snead State Community College.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 342 | — |
| No Stafford loan | 13 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 35 | $13,870 |
| No Stafford loan this year | 320 | $33,292 |
These figures turn the debt totals into a monthly repayment picture for Snead State Community College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Snead State Community College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 0 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $5,750 |
| Middle income | $6,875 |
| High income | $6,956 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,500 |
| Continuing-generation students | $5,848 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,103 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Snead State Community College.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.