by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Albany College of Pharmacy and Health Sciences, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Albany College of Pharmacy, 100% of incoming students take out a loan to help cover first-year costs, borrowing on average $10,934 per student, private and federal loans combined.
Federal loans alone average $7,687. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at Albany College of Pharmacy, 90% borrow through federal student loan programs, for a typical $11,427 per year. That is 48.7% higher than the first-year federal average of $7,687.
Carrying that yearly figure forward comes to roughly $22,854 by year two and around $45,708 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 90% |
| Average federal loan per year | $11,427 |
| Undergraduates with a federal loan | 456 |
| Total federal loans (one year) | $5,210,487 |
The middle borrower at Albany College of Pharmacy owes $25,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $25,000 |
| Students who completed (graduates) | $25,500 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Albany College of Pharmacy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $33,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Albany College of Pharmacy.
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 Albany College of Pharmacy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 121 | $38,300 |
| Completed (graduates) | 99 | $39,900 |
| Did not complete | 22 | $25,235 |
On a standard 10-year plan, the median completing borrower would pay about $474.45/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Albany College of Pharmacy.
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 College of Pharmacy is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0.3% |
| Borrowers in the cohort | 294 |
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 |
|---|---|
| Low income | $25,000 |
| Middle income | $27,000 |
| High income | $21,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $25,000 |
| Continuing-generation students | $23,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $21,500 |
| Independent students | $25,000 |
Federal data publishes the following gap measures for Albany College of Pharmacy.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Worth Knowing
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.