by our College Data Analytics TeamThis page focuses on the debt students take on to attend Ross Medical Education Center - Elyria, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Ross - Elyria, 79% of incoming students take out a loan to help cover first-year costs, averaging $7,701 per borrower, covering both private and federal loans.
The typical federal loan comes to $7,099. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Counting every undergraduate at Ross - Elyria, 60% take out federal student loans, at an average of $6,983 in federal loans per year. That amounts to 1.6% less than the $7,099 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $13,966 across two years and $27,932 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $6,983 |
| Undergraduates with a federal loan | 61 |
| Total federal loans (one year) | $425,962 |
Graduating and withdrawing students at Ross - Elyria carry a median federal debt of $8,481 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,481 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Ross - Elyria.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,655 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Ross - Elyria.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Ross - Elyria.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 50 | $6,501 |
| Completed (graduates) | 30 | $7,402 |
| Did not complete | 20 | $5,380 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $88.02/mo.
Federal data lets us separate Stafford borrowers from the rest at Ross - Elyria.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 39 | — |
| No Stafford loan this year | 11 | — |
The indicators below describe what the typical debt costs to pay back at Ross - Elyria.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Ross - Elyria appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.1% |
| Borrowers in the cohort | 783 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $6,431 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,876 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Ross - Elyria.
Subsidized vs. 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
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.