by our College Data Analytics TeamHere you will find what students actually borrow to attend Cayuga Onondaga BOCES - Practical Nursing Program: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Among first-year students at Cayuga Onondaga BOCES - Practical Nursing Program, 80% of freshmen borrow to help pay for their first year, borrowing on average $3,992 each, across private and federal loan sources.
On the federal side, the average loan is $3,992, equal to roughly 72.6% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Cayuga Onondaga BOCES - Practical Nursing Program, freshmen included, 81% take out federal student loans, with a mean of $8,658 in federal loans per year. It comes to 116.9% above the $3,992 borrowed by freshmen.
Borrowing at that rate every year works out to about $17,316 after two years and $34,632 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 81% |
| Average federal loan per year | $8,658 |
| Undergraduates with a federal loan | 29 |
| Total federal loans (one year) | $251,092 |
The middle borrower at Cayuga Onondaga BOCES - Practical Nursing Program owes $7,104 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,104 |
| Students who completed (graduates) | $11,426 |
| Students who withdrew | $4,750 |
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 Cayuga Onondaga BOCES - Practical Nursing Program.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,881 |
| 75th percentile | $13,000 |
The indicators below describe what the typical debt costs to pay back at Cayuga Onondaga BOCES - Practical Nursing Program.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Cayuga Onondaga BOCES - Practical Nursing Program is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.1% |
| Borrowers in the cohort | 27 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,499 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,210 |
| Independent students | $9,008 |
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?
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.