Approximately 80% of MMA Graduates in the class of 2018 used federal and private loans to help meet their college expenses. Students from the class of 2018 borrowed, on average $18,459 in Federal Direct Stafford Loans (Subsidized and Unsubsidized). Combined with private, non-federal education loans, the total average loan debt for the class of 2018 was $38,531. This loan debt includes all loans with the exception of the Federal Parent PLUS Loan, as this is a loan strictly in the parent's name. Students are encouraged to borrow through the Federal Direct Stafford Loan Program before seeking additional funding through any private, non-federal education loan program.
You can calculate your monthly loan payments by using the Federal Student Aid Loan Repayment Calculator.