by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Sarasota School of Massage Therapy— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Sarasota School of Massage Therapy specifically, 93% of incoming students take out a loan to help cover first-year costs, with a typical loan of $7,300 per student, private and federal loans combined.
The typical federal loan comes to $7,018. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Sarasota School of Massage Therapy, freshmen included, 82% take out federal student loans, with a mean of $7,406 each per year. It comes to 5.5% higher than the $7,018 borrowed by freshmen.
Repeating that yearly amount projects to about $14,812 over two years and about $29,624 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 82% |
| Average federal loan per year | $7,406 |
| Undergraduates with a federal loan | 97 |
| Total federal loans (one year) | $718,392 |
The median student at Sarasota School of Massage Therapy borrows $7,916 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,916 |
| Students who completed (graduates) | $7,916 |
| Students who withdrew | $3,958 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Sarasota School of Massage Therapy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,223 |
| 25th percentile | $4,888 |
| 75th percentile | $8,444 |
| 90th percentile (highest-debt students) | $8,444 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Sarasota School of Massage Therapy.
The indicators below describe what the typical debt costs to pay back at Sarasota School of Massage Therapy.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Sarasota School of Massage Therapy appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.2% |
| Borrowers in the cohort | 70 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,916 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,582 |
| Independent students | $7,916 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Sarasota School of Massage Therapy.
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.
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.