by our College Data Analytics TeamHere you will find what students actually borrow to attend Ross Medical Education Center - New Baltimore: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Ross - New Baltimore, 74% of new students use loans toward freshman-year expenses, for an average of $8,447 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $6,153. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Ross - New Baltimore, 56% use federal student loans to help pay for their education, averaging $6,312 each per year. This works out to 2.6% higher than the freshman federal average of $6,153.
Borrowing at that rate every year works out to about $12,624 over two years and about $25,248 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 | 56% |
| Average federal loan per year | $6,312 |
| Undergraduates with a federal loan | 33 |
| Total federal loans (one year) | $208,282 |
The median student at Ross - New Baltimore borrows $8,481 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,481 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Ross - New Baltimore.
| 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 - New Baltimore.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Ross - New Baltimore.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 50 | $6,501 |
| Completed (graduates) | 30 | $7,402 |
| Did not complete | 20 | $5,380 |
On a standard 10-year plan, the median completing borrower would pay about $88.02/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Ross - New Baltimore.
Borrowers With a Stafford Loan This Year
| 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 - New Baltimore.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Ross - New Baltimore 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 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Ross - New Baltimore.
The Difference Between 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
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.