by our College Data Analytics TeamThis page focuses on the debt students take on to attend Bancroft School of Massage Therapy, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among all degree-seeking undergrads at Bancroft School of Massage Therapy, 42% take out federal student loans, at an average of $4,160 each per year.
At a steady annual pace, that totals around $8,320 after two years and $16,640 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 | 42% |
| Average federal loan per year | $4,160 |
| Undergraduates with a federal loan | 28 |
| Total federal loans (one year) | $116,475 |
The middle borrower at Bancroft School of Massage Therapy owes $7,600 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,600 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Bancroft School of Massage Therapy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,400 |
| 75th percentile | $7,600 |
These figures turn the debt totals into a monthly repayment picture for Bancroft 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 federal two-year cohort default rate for Bancroft School of Massage Therapy appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 43 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Subsidized vs. 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.
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.