by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Joyce University of Nursing and Health Sciences— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at AmeriTech College - Draper, 49% of first-year students take on loan debt, for an average of $14,024 each, across private and federal loan sources.
The average federal loan is $4,119, amounting to 74.9% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at AmeriTech College - Draper, 43% take out federal student loans, for a typical $2,830 annually. That amounts to 31.3% less than the freshman federal average of $4,119.
Borrowing at that rate every year works out to about $5,660 across two years and $11,320 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $2,830 |
| Undergraduates with a federal loan | 820 |
| Total federal loans (one year) | $2,320,524 |
The median student at AmeriTech College - Draper borrows $10,470 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,470 |
| Students who completed (graduates) | $20,000 |
| 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 AmeriTech College - Draper.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,764 |
| 25th percentile | $11,295 |
| 75th percentile | $25,250 |
| 90th percentile (highest-debt students) | $26,763 |
How wide this percentile range is tells you how much borrowing varies across students at AmeriTech College - Draper.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for AmeriTech College - Draper.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 83 | $8,548 |
| Completed (graduates) | 50 | $9,716 |
| Did not complete | 33 | $7,563 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $115.53/mo.
These figures turn the debt totals into a monthly repayment picture for AmeriTech College - Draper.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for AmeriTech College - Draper appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.2% |
| Borrowers in the cohort | 223 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $10,750 |
| Middle income | $11,999 |
| High income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $12,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,250 |
| Independent students | $12,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at AmeriTech College - Draper.
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.
Did You Know?
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.