by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Concorde Career College-Memphis— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Concorde Career College - Memphis, 80% of freshmen borrow to help pay for their first year, at roughly $8,277 per borrower, covering both private and federal loans.
The average federal loan is $7,112. That is at or past the $5,500 federal first-year limit for 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.
For undergraduates overall at Concorde Career College - Memphis, 80% take out federal student loans, at an average of $6,887 each per year. This works out to 3.2% under the $7,112 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $13,774 after two years and $27,548 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 80% |
| Average federal loan per year | $6,887 |
| Undergraduates with a federal loan | 1,335 |
| Total federal loans (one year) | $9,193,766 |
Graduating and withdrawing students at Concorde Career College - Memphis carry a median federal debt of $9,500 of cumulative federal debt.
| 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.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Concorde Career College - Memphis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,000 |
| 75th percentile | $11,113 |
| 90th percentile (highest-debt students) | $21,094 |
How wide this percentile range is tells you how much borrowing varies across students at Concorde Career College - Memphis.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Concorde Career College - Memphis.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 378 | $7,019 |
| Completed (graduates) | 243 | $8,000 |
| Did not complete | 135 | $5,628 |
On a standard 10-year plan, the median completing borrower would pay about $95.13/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Concorde Career College - Memphis.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 361 | — |
| No Stafford loan | 17 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 317 | $7,676 |
| No Stafford loan this year | 61 | $4,601 |
The indicators below describe what the typical debt costs to pay back at Concorde Career College - Memphis.
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 Concorde Career College - Memphis appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.8% |
| Borrowers in the cohort | 1213 |
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 | $9,500 |
| Middle income | $9,500 |
| High income | $9,500 |
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 | $6,749 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Concorde Career College - Memphis.
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.
Important to Remember
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.