by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Hondros College of Nursing, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Hondros College of Nursing specifically, 83% of incoming students take out a loan to help cover first-year costs, for an average of $7,378 per borrower, covering both private and federal loans.
Federal loans alone average $7,237. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Hondros College of Nursing, freshmen included, 88% take out federal student loans, at an average of $8,608 per year. This works out to 18.9% above the freshman federal average of $7,237.
At a steady annual pace, that totals around $17,216 by year two and around $34,432 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 88% |
| Average federal loan per year | $8,608 |
| Undergraduates with a federal loan | 2,717 |
| Total federal loans (one year) | $23,389,185 |
Graduating and withdrawing students at Hondros College of Nursing carry a median federal debt of $12,004 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,004 |
| Students who completed (graduates) | $15,833 |
| Students who withdrew | $5,199 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Hondros College of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,334 |
| 75th percentile | $23,000 |
| 90th percentile (highest-debt students) | $35,332 |
How wide this percentile range is tells you how much borrowing varies across students at Hondros College of Nursing.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Hondros College of Nursing.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 365 | $8,915 |
| Completed (graduates) | 186 | $10,543 |
| Did not complete | 179 | $8,025 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $125.37/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Hondros College of Nursing.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 340 | $8,954 |
| No Stafford loan this year | 25 | $8,651 |
These figures turn the debt totals into a monthly repayment picture for Hondros College of Nursing.
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 Hondros College of Nursing follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.2% |
| Borrowers in the cohort | 434 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,500 |
| Middle income | $12,834 |
| High income | $11,137 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,667 |
| Continuing-generation students | $13,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,334 |
| Independent students | $12,667 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Hondros College of Nursing.
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.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.