by our College Data Analytics TeamHere you will find what students actually borrow to attend FINE Mortuary College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at FINE Mortuary College, 100% of freshmen borrow to help pay for their first year, at roughly $6,417 per borrower, covering both private and federal loans.
The typical federal loan comes to $6,417. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at FINE Mortuary College, freshmen included, 67% finance part of their studies with federal loans, borrowing on average $10,048 annually. It comes to 56.6% above the freshman federal average of $6,417.
Borrowing the same amount each year would add up to roughly $20,096 by year two and around $40,192 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $10,048 |
| Undergraduates with a federal loan | 116 |
| Total federal loans (one year) | $1,165,580 |
The middle borrower at FINE Mortuary College owes $19,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,000 |
| Students who completed (graduates) | $30,312 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at FINE Mortuary College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,334 |
| 75th percentile | $33,000 |
These figures turn the debt totals into a monthly repayment picture for FINE Mortuary College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for FINE Mortuary College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.0% |
| Borrowers in the cohort | 30 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $25,333 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,021 |
| Continuing-generation students | $16,386 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,167 |
| Independent students | $27,166 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at FINE Mortuary College.
Subsidized vs. 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.
Important to Remember
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.