CMC Student Debt for 2021-2022 Academic Year Graduates
The number of students who started as first-time postsecondary students and received a bachelor’s degree between July 1, 2021 and June 30, 2022 = 307
| Graduates who borrowed any time while enrolled at CMC | Percent of graduates who borrowed | Average cumulative principal per borrower | Total Principal Borrowed | |
|---|---|---|---|---|
| Graduates who borrowed through the Federal Perkins, Federal Direct Subsidized and Unsubsidized, Institutional, State, and Private Loan Programs | 97 | 32% | $20,978 | $2,034,831 |
| Graduates who borrowed a federal loan at any time including: Federal Perkins, Federal Direct Subsidized and Unsubsidized loans | 67 | 22% | $12,203 | $817,609 |
| Graduates who borrowed institutional loans | 82 | 27% | $6,653 | $545,568 |
| Graduates who borrowed state loans | 0 | 0% | $0 | $0 |
| Graduates who borrowed private alternative loans made by a bank or a lender | 11 | 4% | $61,059 | $671,654 |