by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Gemological Institute of America-New York: 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 Gemological Institute of America-New York, 0% of freshmen borrow to help pay for their first year.
For undergraduates overall at Gemological Institute of America-New York, 6% borrow through federal student loan programs, borrowing on average $3,943 a year.
Borrowing at that rate every year works out to about $7,886 over two years and about $15,772 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 6% |
| Average federal loan per year | $3,943 |
| Undergraduates with a federal loan | 17 |
| Total federal loans (one year) | $67,025 |
The middle borrower at Gemological Institute of America-New York owes $8,233 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,233 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Gemological Institute of America-New York.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,033 |
| 25th percentile | $4,767 |
| 75th percentile | $8,766 |
| 90th percentile (highest-debt students) | $12,233 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Gemological Institute of America-New York.
Repayment burden translates the debt figures into what a borrower actually pays each month. Gemological Institute of America-New York.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Gemological Institute of America-New York follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.5% |
| Borrowers in the cohort | 64 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,233 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,766 |
| Independent students | $8,233 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Gemological Institute of America-New York.
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.
Did You Know?
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.