by our College Data Analytics TeamHere you will find what students actually borrow to attend Covenant School of Nursing and Allied Health— 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.
Across the full undergraduate body at Covenant School of Nursing (freshmen included), 55% rely on federal student loans toward their education, at an average of $5,471 annually.
Borrowing the same amount each year would add up to roughly $10,942 over two years and about $21,884 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 55% |
| Average federal loan per year | $5,471 |
| Undergraduates with a federal loan | 273 |
| Total federal loans (one year) | $1,493,501 |
Graduating and withdrawing students at Covenant School of Nursing carry a median federal debt of $10,399 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,399 |
| Students who completed (graduates) | $12,969 |
| Students who withdrew | $6,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Covenant School of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,980 |
| 25th percentile | $6,500 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $21,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Covenant School of Nursing.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Covenant School of Nursing.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 36 | $10,000 |
The indicators below describe what the typical debt costs to pay back at Covenant School of Nursing.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Covenant School of Nursing appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.1% |
| Borrowers in the cohort | 114 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,844 |
| Middle income | $8,928 |
| High income | $7,560 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,198 |
| Continuing-generation students | $12,971 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,103 |
| Independent students | $9,746 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Covenant School of Nursing.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Worth Knowing
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.