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CMC Student Debt for 2020-2021 Academic Year Graduates

The number of students who started as first-time postsecondary students and received a bachelor’s degree between July 1, 2020 and June 30, 2021 = 294

  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, Federal Stafford Subsidized and Unsubsidized, Institutional, State, and Private Loan Programs 96 33% $17,774 $1,706,323
Graduates who borrowed a federal loan at any time including: Federal Perkins, Federal Direct Subsidized and Unsubsidized, Federal Stafford Subsidized and Unsubsidized loans 61 21% $13,519 $824,629
Graduates who borrowed institutional loans 73 25% $8,090 $590,573
Graduates who borrowed state loans 0 0% $0 $0
Graduates who borrowed private alternative loans made by a bank or a lender 4 1% $72,780 $291,121