by our College Data Analytics TeamHere you will find what students actually borrow to attend Dutchess BOCES-Practical Nursing Program: 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.
Among first-year students at Dutchess BOCES-Practical Nursing Program, 64% of new students use loans toward freshman-year expenses, borrowing on average $7,280 each, across private and federal loan sources.
The average federally funded loan is $7,280. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Dutchess BOCES-Practical Nursing Program (freshmen included), 59% finance part of their studies with federal loans, with a mean of $6,122 annually. That is 15.9% lower than the $7,280 borrowed by freshmen.
Repeating that yearly amount projects to about $12,244 over two years and about $24,488 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 | 59% |
| Average federal loan per year | $6,122 |
| Undergraduates with a federal loan | 52 |
| Total federal loans (one year) | $318,355 |
The median student at Dutchess BOCES-Practical Nursing Program borrows $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $7,063 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Dutchess BOCES-Practical Nursing Program.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,375 |
| 25th percentile | $5,466 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Dutchess BOCES-Practical Nursing Program.
Repayment burden translates the debt figures into what a borrower actually pays each month. Dutchess BOCES-Practical Nursing Program.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Dutchess BOCES-Practical Nursing Program appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.1% |
| Borrowers in the cohort | 94 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
The Difference Between 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.
Important to Remember
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.