by our College Data Analytics TeamHere you will find what students actually borrow to attend Institute of Medical Ultrasound: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
For incoming students at IMU, 100% of incoming undergraduates borrow in year one, for an average of $9,375 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $9,375. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at IMU (freshmen included), 100% rely on federal student loans toward their education, with a mean of $9,375 annually.
At a steady annual pace, that totals around $18,750 after two years and $37,500 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 100% |
| Average federal loan per year | $9,375 |
| Undergraduates with a federal loan | 29 |
| Total federal loans (one year) | $271,875 |
Graduating and withdrawing students at IMU carry a median federal debt of $12,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
| Students who completed (graduates) | $20,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. IMU.
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.
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.