by our College Data Analytics TeamThis page focuses on the debt students take on to attend Jefferson Regional School of Nursing: 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.
For undergraduates overall at JRMC School of Nursing, 58% finance part of their studies with federal loans, at an average of $5,035 annually.
Repeating that yearly amount projects to about $10,070 by year two and around $20,140 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $5,035 |
| Undergraduates with a federal loan | 65 |
| Total federal loans (one year) | $327,303 |
The middle borrower at JRMC School of Nursing owes $7,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,500 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at JRMC School of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $7,350 |
| 75th percentile | $20,000 |
The indicators below describe what the typical debt costs to pay back at JRMC School of Nursing.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for JRMC School of Nursing is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.6% |
| Borrowers in the cohort | 27 |
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 | $6,495 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,750 |
| Independent students | $7,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at JRMC School of Nursing.
The Difference Between 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.