CMC Student Debt for 2019-2020 Academic Year Graduates

The number of students who started as first-time postsecondary students and received a bachelor’s degree between July 1, 2019 and June 30, 2020 = 313

  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 90 29% $22,470 $2,022,260
Graduates who borrowed a federal loan at any time including: Federal Perkins, Federal Direct Subsidized and Unsubsidized, Federal Stafford Subsidized and Unsubsidized loans 61 19% $14,726 $898,270
Graduates who borrowed institutional loans 65 21% $7,438 $483,449
Graduates who borrowed state loans 0 0% $0 $0
Graduates who borrowed private alternative loans made by a bank or a lender 13 4% $49,272 $640,541