by our College Data Analytics TeamHere you will find what students actually borrow to attend Margaret H Rollins School of Nursing at Beebe Medical Center— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Counting every undergraduate at Beebe School of Nursing, 30% take out federal student loans, averaging $6,319 a year.
Borrowing at that rate every year works out to about $12,638 in two years and roughly $25,276 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 30% |
| Average federal loan per year | $6,319 |
| Undergraduates with a federal loan | 13 |
| Total federal loans (one year) | $82,146 |
Graduating and withdrawing students at Beebe School of Nursing carry a median federal debt of $7,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,500 |
| Students who completed (graduates) | $12,000 |
The indicators below describe what the typical debt costs to pay back at Beebe School of Nursing.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Beebe School of Nursing appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 5 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Important to Remember
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.