by our College Data Analytics TeamHere you will find what students actually borrow to attend Erie 2 Chautauqua Cattaraugus 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.
At E2CCB, 25% of freshmen borrow to help pay for their first year, borrowing on average $8,837 each — a figure that counts both private and federal student loans.
The average federal loan is $8,837. 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.
Counting every undergraduate at E2CCB, 31% use federal student loans to help pay for their education, for a typical $5,891 a year. That amounts to 33.3% less than the $8,837 freshmen take on.
Repeating that yearly amount projects to about $11,782 after two years and $23,564 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 31% |
| Average federal loan per year | $5,891 |
| Undergraduates with a federal loan | 21 |
| Total federal loans (one year) | $123,712 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for E2CCB.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
These figures turn the debt totals into a monthly repayment picture for E2CCB.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for E2CCB is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.5% |
| Borrowers in the cohort | 105 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The Difference Between 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?
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.