by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Institute of Medical Careers: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Institute of Medical Careers, 80% of freshmen borrow to help pay for their first year, borrowing on average $6,701 each, across private and federal loan sources.
The average federally funded loan is $6,655. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Institute of Medical Careers, freshmen included, 92% finance part of their studies with federal loans, at an average of $7,017 a year. This works out to 5.4% greater than the $6,655 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $14,034 by year two and around $28,068 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 92% |
| Average federal loan per year | $7,017 |
| Undergraduates with a federal loan | 1,110 |
| Total federal loans (one year) | $7,788,848 |
The middle borrower at Institute of Medical Careers owes $12,488 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,488 |
| Students who completed (graduates) | $12,925 |
| Students who withdrew | $9,014 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Institute of Medical Careers.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,718 |
| 25th percentile | $6,756 |
| 75th percentile | $15,917 |
| 90th percentile (highest-debt students) | $19,161 |
How wide this percentile range is tells you how much borrowing varies across students at Institute of Medical Careers.
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 Institute of Medical Careers.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 51 | $8,491 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Institute of Medical Careers.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,533 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,497 |
| Continuing-generation students | $12,241 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,119 |
| Independent students | $12,523 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Institute of Medical Careers.
The Difference Between 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.
Worth Knowing
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.