by our College Data Analytics TeamHere you will find what students actually borrow to attend Herkimer County BOCES-Practical Nursing Program: 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 Herkimer County BOCES-Practical Nursing Program, 75% of freshmen borrow to help pay for their first year, with a typical loan of $9,500 per borrower, covering both private and federal loans.
The average federal loan is $9,500. 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.
For undergraduates overall at Herkimer County BOCES-Practical Nursing Program, 80% borrow through federal student loan programs, for a typical $3,808 a year. It comes to 59.9% less than the freshman federal average of $9,500.
Borrowing the same amount each year would add up to roughly $7,616 in two years and roughly $15,232 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 | 80% |
| Average federal loan per year | $3,808 |
| Undergraduates with a federal loan | 52 |
| Total federal loans (one year) | $198,040 |
The median student at Herkimer County BOCES-Practical Nursing Program borrows $6,125 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,125 |
| Students who completed (graduates) | $8,975 |
| Students who withdrew | $2,528 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Herkimer County BOCES-Practical Nursing Program.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,375 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $11,875 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Herkimer County BOCES-Practical Nursing Program.
Repayment burden translates the debt figures into what a borrower actually pays each month. Herkimer County BOCES-Practical Nursing Program.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Herkimer County BOCES-Practical Nursing Program is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.7% |
| Borrowers in the cohort | 70 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,875 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,480 |
| Independent students | $7,125 |
Subsidized and 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.