by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Concorde Career College-Broadway: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Concorde Career College-Broadway, 64% of first-year students take on loan debt, at roughly $6,625 per borrower, covering both private and federal loans.
The typical federal loan comes to $5,974. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Concorde Career College-Broadway (freshmen included), 67% rely on federal student loans toward their education, for a typical $6,299 in federal loans per year. It comes to 5.4% more than the $5,974 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $12,598 over two years and about $25,196 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $6,299 |
| Undergraduates with a federal loan | 62 |
| Total federal loans (one year) | $390,530 |
The median student at Concorde Career College-Broadway borrows $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
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 Concorde Career College-Broadway.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,819 |
| 25th percentile | $6,000 |
| 75th percentile | $11,253 |
| 90th percentile (highest-debt students) | $24,375 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Concorde Career College-Broadway.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Concorde Career College-Broadway.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 324 | $8,326 |
| Completed (graduates) | 256 | $9,292 |
| Did not complete | 68 | $5,654 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $110.49/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Concorde Career College-Broadway.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 305 | $8,818 |
| No Stafford loan | 19 | $3,635 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 288 | $8,987 |
| No Stafford loan this year | 36 | $4,383 |
The indicators below describe what the typical debt costs to pay back at Concorde Career College-Broadway.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Concorde Career College-Broadway appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.2% |
| Borrowers in the cohort | 846 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $10,503 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Concorde Career College-Broadway.
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.
Worth Knowing
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.