by our College Data Analytics TeamBelow is federal data on the loans students use to pay for SUNY Oneonta, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At SUNY Oneonta specifically, 66% of first-year students take on loan debt, for an average of $8,070 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $5,203, or about 94.6% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at SUNY Oneonta, 58% borrow through federal student loan programs, averaging $6,110 each per year. That amounts to 17.4% more than the first-year federal average of $5,203.
Borrowing the same amount each year would add up to roughly $12,220 by year two and around $24,440 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $6,110 |
| Undergraduates with a federal loan | 2,776 |
| Total federal loans (one year) | $16,961,289 |
The median student at SUNY Oneonta borrows $15,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,000 |
| Students who completed (graduates) | $19,812 |
| Students who withdrew | $6,103 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for SUNY Oneonta.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,500 |
| 25th percentile | $9,000 |
| 75th percentile | $26,774 |
| 90th percentile (highest-debt students) | $30,750 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at SUNY Oneonta.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for SUNY Oneonta.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 901 | $20,132 |
| Completed (graduates) | 667 | $24,845 |
| Did not complete | 234 | $13,681 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $295.43/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 SUNY Oneonta.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 888 | — |
| No Stafford loan | 13 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 806 | $20,132 |
| No Stafford loan this year | 95 | $19,314 |
Repayment burden translates the debt figures into what a borrower actually pays each month. SUNY Oneonta.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for SUNY Oneonta follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.2% |
| Borrowers in the cohort | 1490 |
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 | $16,000 |
| Middle income | $15,468 |
| High income | $15,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,750 |
| Continuing-generation students | $14,084 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,000 |
| Independent students | $17,495 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at SUNY Oneonta.
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
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.