by our College Data Analytics TeamHere you will find what students actually borrow to attend University of Maine at Farmington, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Among first-year students at UMaine Farmington, 65% of new students use loans toward freshman-year expenses, with a typical loan of $7,411 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $4,979, amounting to 90.5% of the typical first-year dependent student borrowing cap of $5,500. 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 UMaine Farmington, 55% finance part of their studies with federal loans, at an average of $6,146 annually. It comes to 23.4% more than the $4,979 borrowed by freshmen.
Borrowing at that rate every year works out to about $12,292 over two years and about $24,584 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 55% |
| Average federal loan per year | $6,146 |
| Undergraduates with a federal loan | 626 |
| Total federal loans (one year) | $3,847,088 |
The median student at UMaine Farmington borrows $16,722 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,722 |
| Students who completed (graduates) | $24,499 |
| Students who withdrew | $8,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for UMaine Farmington.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,500 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $34,875 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at UMaine Farmington.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for UMaine Farmington.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 241 | $11,000 |
| Completed (graduates) | 97 | $14,745 |
| Did not complete | 144 | $10,428 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $175.33/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at UMaine Farmington.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 188 | $11,407 |
| No Stafford loan this year | 53 | $10,556 |
These figures turn the debt totals into a monthly repayment picture for UMaine Farmington.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for UMaine Farmington follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.0% |
| Borrowers in the cohort | 688 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $16,500 |
| Middle income | $17,125 |
| High income | $15,828 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,520 |
| Continuing-generation students | $16,819 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,500 |
| Independent students | $18,633 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at UMaine Farmington.
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.
Did You Know?
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.