by our College Data Analytics TeamHere you will find what students actually borrow to attend South Central Career Center— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Among first-year students at SCCC, 19% of new students use loans toward freshman-year expenses, at roughly $7,208 each, across private and federal loan sources.
The typical federal loan comes to $7,208. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at SCCC, 28% rely on federal student loans toward their education, borrowing on average $7,312 a year. That is 1.4% larger than the freshman federal average of $7,208.
At a steady annual pace, that totals around $14,624 over two years and about $29,248 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 28% |
| Average federal loan per year | $7,312 |
| Undergraduates with a federal loan | 36 |
| Total federal loans (one year) | $263,224 |
Graduating and withdrawing students at SCCC carry a median federal debt of $8,994 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,994 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for SCCC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,700 |
| 25th percentile | $3,500 |
| 75th percentile | $12,070 |
| 90th percentile (highest-debt students) | $15,916 |
How wide this percentile range is tells you how much borrowing varies across students at SCCC.
Repayment burden translates the debt figures into what a borrower actually pays each month. SCCC.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for SCCC is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.3% |
| Borrowers in the cohort | 78 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.