by our College Data Analytics TeamHere you will find what students actually borrow to attend Shawsheen Valley School of Practical Nursing, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Shawsheen Valley School of Practical Nursing, 70% of incoming students take out a loan to help cover first-year costs, at roughly $7,105 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $7,105. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. 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 Shawsheen Valley School of Practical Nursing, 71% borrow through federal student loan programs, averaging $6,479 annually. It comes to 8.8% smaller than the $7,105 freshmen take on.
Carrying that yearly figure forward comes to roughly $12,958 over two years and about $25,916 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 | 71% |
| Average federal loan per year | $6,479 |
| Undergraduates with a federal loan | 25 |
| Total federal loans (one year) | $161,975 |
The median student at Shawsheen Valley School of Practical Nursing borrows $4,750 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,750 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Shawsheen Valley School of Practical Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,605 |
| 75th percentile | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Shawsheen Valley School of Practical Nursing.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Shawsheen Valley School of Practical Nursing appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.5% |
| Borrowers in the cohort | 29 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Middle income | $4,750 |
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
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.