by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Albany BOCES - Adult Practical Nursing Program: 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.
Among first-year students at Albany BOCES - Adult Practical Nursing Program, 79% of incoming undergraduates borrow in year one, at roughly $7,022 each, across private and federal loan sources.
The average federal loan is $7,022. This is at or above the $5,500 first-year federal borrowing cap that applies to 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.
Among all degree-seeking undergrads at Albany BOCES - Adult Practical Nursing Program, 78% borrow through federal student loan programs, at an average of $8,181 in federal loans per year. That amounts to 16.5% larger than the first-year federal average of $7,022.
Borrowing at that rate every year works out to about $16,362 in two years and roughly $32,724 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 78% |
| Average federal loan per year | $8,181 |
| Undergraduates with a federal loan | 163 |
| Total federal loans (one year) | $1,333,523 |
Graduating and withdrawing students at Albany BOCES - Adult Practical Nursing Program carry a median federal debt of $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $5,500 |
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 Albany BOCES - Adult Practical Nursing Program.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,500 |
| 75th percentile | $11,832 |
| 90th percentile (highest-debt students) | $11,832 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Albany BOCES - Adult Practical Nursing Program.
These figures turn the debt totals into a monthly repayment picture for Albany BOCES - Adult Practical Nursing Program.
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 Albany BOCES - Adult Practical Nursing Program appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.8% |
| Borrowers in the cohort | 102 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Albany BOCES - Adult Practical Nursing Program.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
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.