by our College Data Analytics TeamThis page focuses on the debt students take on to attend Galaxy Medical College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
For incoming students at Galaxy Medical College, 82% of incoming students take out a loan to help cover first-year costs, averaging $9,402 per borrower, covering both private and federal loans.
Federal loans alone average $9,402. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Galaxy Medical College (freshmen included), 67% use federal student loans to help pay for their education, for a typical $9,402 a year.
Repeating that yearly amount projects to about $18,804 across two years and $37,608 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $9,402 |
| Undergraduates with a federal loan | 53 |
| Total federal loans (one year) | $498,306 |
Graduating and withdrawing students at Galaxy Medical College carry a median federal debt of $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Galaxy Medical College.
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
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.