by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Firelands Regional Medical Center School of Nursing— 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.
For undergraduates overall at Firelands Regional Medical Center School of Nursing, 62% rely on federal student loans toward their education, with a mean of $6,802 a year.
Borrowing at that rate every year works out to about $13,604 in two years and roughly $27,208 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 62% |
| Average federal loan per year | $6,802 |
| Undergraduates with a federal loan | 44 |
| Total federal loans (one year) | $299,309 |
Graduating and withdrawing students at Firelands Regional Medical Center School of Nursing carry a median federal debt of $10,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,000 |
| Students who completed (graduates) | $11,750 |
| Students who withdrew | $3,813 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Firelands Regional Medical Center School of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $9,747 |
| 75th percentile | $19,762 |
These figures turn the debt totals into a monthly repayment picture for Firelands Regional Medical Center School of Nursing.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Firelands Regional Medical Center School of Nursing is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.5% |
| Borrowers in the cohort | 40 |
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 | $7,000 |
| Middle income | $10,000 |
| High income | $11,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,000 |
| Independent students | $10,000 |
Federal data publishes the following gap measures for Firelands Regional Medical Center School of Nursing.
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.
Worth Knowing
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.