by our College Data Analytics TeamHere you will find what students actually borrow to attend Good Samaritan College of Nursing and Health Science— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Good Samaritan College of Nursing & Health Science specifically, 81% of new students use loans toward freshman-year expenses, for an average of $10,452 per student, private and federal loans combined.
The average federally funded loan is $6,750. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Good Samaritan College of Nursing & Health Science, freshmen included, 74% rely on federal student loans toward their education, for a typical $7,403 per year. That amounts to 9.7% above the $6,750 typical freshmen borrow.
Repeating that yearly amount projects to about $14,806 by year two and around $29,612 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 | 74% |
| Average federal loan per year | $7,403 |
| Undergraduates with a federal loan | 339 |
| Total federal loans (one year) | $2,509,739 |
The median student at Good Samaritan College of Nursing & Health Science borrows $16,013 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,013 |
| Students who completed (graduates) | $20,625 |
| Students who withdrew | $9,440 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Good Samaritan College of Nursing & Health Science.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $6,125 |
| 25th percentile | $11,279 |
| 75th percentile | $26,161 |
| 90th percentile (highest-debt students) | $31,834 |
How wide this percentile range is tells you how much borrowing varies across students at Good Samaritan College of Nursing & Health Science.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Good Samaritan College of Nursing & Health Science.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 79 | $10,925 |
| Completed (graduates) | 51 | $11,084 |
| Did not complete | 28 | $10,060 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $131.8/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Good Samaritan College of Nursing & Health Science.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 65 | — |
| No Stafford loan this year | 14 | — |
These figures turn the debt totals into a monthly repayment picture for Good Samaritan College of Nursing & Health Science.
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 Good Samaritan College of Nursing & Health Science is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.7% |
| Borrowers in the cohort | 114 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $18,862 |
| Middle income | $17,375 |
| High income | $14,750 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,500 |
| Continuing-generation students | $14,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,250 |
| Independent students | $20,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Good Samaritan College of Nursing & Health Science.
Subsidized vs. 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.
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.