by our College Data Analytics TeamHere you will find what students actually borrow to attend Bon Secours Memorial College of Nursing— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
For undergraduates overall at Bon Secours Memorial College of Nursing, 41% rely on federal student loans toward their education, averaging $8,312 in federal loans per year.
Repeating that yearly amount projects to about $16,624 after two years and $33,248 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 41% |
| Average federal loan per year | $8,312 |
| Undergraduates with a federal loan | 218 |
| Total federal loans (one year) | $1,812,101 |
Graduating and withdrawing students at Bon Secours Memorial College of Nursing carry a median federal debt of $23,933 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $23,933 |
| Students who completed (graduates) | $26,500 |
| Students who withdrew | $10,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Bon Secours Memorial College of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,176 |
| 25th percentile | $10,798 |
| 75th percentile | $33,750 |
| 90th percentile (highest-debt students) | $40,000 |
How wide this percentile range is tells you how much borrowing varies across students at Bon Secours Memorial College of Nursing.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Bon Secours Memorial College of Nursing.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 49 | $19,457 |
Federal data lets us separate Stafford borrowers from the rest at Bon Secours Memorial College of Nursing.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 37 | — |
| No Stafford loan this year | 12 | — |
These figures turn the debt totals into a monthly repayment picture for Bon Secours Memorial College of Nursing.
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 Bon Secours Memorial College of Nursing follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.0% |
| Borrowers in the cohort | 100 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $25,410 |
| Middle income | $27,931 |
| High income | $20,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $23,208 |
| Continuing-generation students | $26,120 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,841 |
| Independent students | $30,750 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Bon Secours Memorial College of Nursing.
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.
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.