by our College Data Analytics TeamBelow is federal data on the loans students use to pay for SUNY College of Technology at Canton: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Looking at the entering class at SUNY Canton, 70% of new students use loans toward freshman-year expenses, for an average of $6,504 per student, private and federal loans combined.
The average federally funded loan is $4,943, representing 89.9% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at SUNY Canton (freshmen included), 60% use federal student loans to help pay for their education, borrowing on average $6,835 each per year. It comes to 38.3% higher than the first-year federal average of $4,943.
Carrying that yearly figure forward comes to roughly $13,670 by year two and around $27,340 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 | 60% |
| Average federal loan per year | $6,835 |
| Undergraduates with a federal loan | 1,680 |
| Total federal loans (one year) | $11,483,148 |
The middle borrower at SUNY Canton owes $12,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,500 |
| Students who completed (graduates) | $20,000 |
| Students who withdrew | $8,750 |
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 SUNY Canton.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,216 |
| 25th percentile | $5,500 |
| 75th percentile | $24,500 |
| 90th percentile (highest-debt students) | $33,514 |
How wide this percentile range is tells you how much borrowing varies across students at SUNY Canton.
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 SUNY Canton.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 904 | $13,733 |
| Completed (graduates) | 373 | $16,771 |
| Did not complete | 531 | $11,764 |
On a standard 10-year plan, the median completing borrower would pay about $199.43/mo.
Federal data lets us separate Stafford borrowers from the rest at SUNY Canton.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 884 | $13,855 |
| No Stafford loan | 20 | $6,973 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 802 | $13,256 |
| No Stafford loan this year | 102 | $16,692 |
These figures turn the debt totals into a monthly repayment picture for SUNY Canton.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for SUNY Canton is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.9% |
| Borrowers in the cohort | 1262 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,884 |
| Middle income | $12,607 |
| High income | $12,000 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $12,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $17,750 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at SUNY Canton.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Worth Knowing
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.
