by our College Data Analytics TeamThis page focuses on the debt students take on to attend Career School of NY: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Looking at the entering class at Career School of NY, 71% of first-year students take on loan debt, at roughly $3,800 per borrower, covering both private and federal loans.
The typical federal loan comes to $3,333, equal to roughly 60.6% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Career School of NY, 56% take out federal student loans, with a mean of $1,908 each per year. This works out to 42.8% less than the $3,333 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $3,816 across two years and $7,632 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 56% |
| Average federal loan per year | $1,908 |
| Undergraduates with a federal loan | 131 |
| Total federal loans (one year) | $250,000 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Career School of NY.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,807 |
| 75th percentile | $6,746 |
These figures turn the debt totals into a monthly repayment picture for Career School of NY.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Career School of NY follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.0% |
| Borrowers in the cohort | 81 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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.
Did You Know?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.