by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Isabella Graham Hart School of Practical Nursing, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at IGH, 54% of freshmen borrow to help pay for their first year, borrowing on average $5,881 per student, private and federal loans combined.
The average federally funded loan is $5,881. 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.
For undergraduates overall at IGH, 55% borrow through federal student loan programs, averaging $3,569 in federal loans per year. That amounts to 39.3% below the $5,881 typical freshmen borrow.
Borrowing at that rate every year works out to about $7,138 by year two and around $14,276 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 55% |
| Average federal loan per year | $3,569 |
| Undergraduates with a federal loan | 100 |
| Total federal loans (one year) | $356,866 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for IGH.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,087 |
| 75th percentile | $9,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. IGH.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for IGH follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.3% |
| Borrowers in the cohort | 60 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.