by our College Data Analytics TeamThis page focuses on the debt students take on to attend Warrensburg Area Career Center, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Warrensburg Area Career Center specifically, 63% of freshmen borrow to help pay for their first year, averaging $5,253 per student, private and federal loans combined.
On the federal side, the average loan is $5,253, representing 95.5% of the typical first-year dependent student borrowing cap of $5,500. 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 Warrensburg Area Career Center (freshmen included), 65% rely on federal student loans toward their education, for a typical $8,465 in federal loans per year. This works out to 61.1% higher than the first-year federal average of $5,253.
Borrowing the same amount each year would add up to roughly $16,930 after two years and $33,860 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $8,465 |
| Undergraduates with a federal loan | 15 |
| Total federal loans (one year) | $126,975 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Warrensburg Area Career Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $12,760 |
These figures turn the debt totals into a monthly repayment picture for Warrensburg Area Career Center.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Warrensburg Area Career Center follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.8% |
| Borrowers in the cohort | 26 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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
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.