by our College Data Analytics TeamThis page focuses on the debt students take on to attend Wayne Community College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Wayne Community College, 0% of new students use loans toward freshman-year expenses.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 0% |
| Undergraduates with a federal loan | 0 |
| Total federal loans (one year) | $0 |
The median student at Wayne Community College borrows $5,875 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,875 |
| Students who completed (graduates) | $6,500 |
| Students who withdrew | $5,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Wayne Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,000 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $15,500 |
How wide this percentile range is tells you how much borrowing varies across students at Wayne Community College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Wayne Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 126 | $9,898 |
| Completed (graduates) | 37 | $9,453 |
| Did not complete | 89 | $10,433 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $112.41/mo.
The indicators below describe what the typical debt costs to pay back at Wayne Community College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Wayne Community College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.7% |
| Borrowers in the cohort | 73 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $5,875 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,775 |
| Independent students | $5,875 |
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.