by our College Data Analytics TeamThis page focuses on the debt students take on to attend Joseph F McCloskey School of Nursing— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
For undergraduates overall at Joseph F McCloskey School of Nursing, 89% finance part of their studies with federal loans, with a mean of $7,761 each per year.
Borrowing at that rate every year works out to about $15,522 across two years and $31,044 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 89% |
| Average federal loan per year | $7,761 |
| Undergraduates with a federal loan | 49 |
| Total federal loans (one year) | $380,277 |
The middle borrower at Joseph F McCloskey School of Nursing owes $14,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,000 |
| Students who completed (graduates) | $14,400 |
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Joseph F McCloskey School of Nursing.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 20 | $13,513 |
These figures turn the debt totals into a monthly repayment picture for Joseph F McCloskey School of Nursing.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Joseph F McCloskey School of Nursing appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.5% |
| Borrowers in the cohort | 29 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $19,239 |
| Middle income | $14,000 |
| High income | $14,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,000 |
| Independent students | $23,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Joseph F McCloskey School of Nursing.
Subsidized vs. 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.
Did You Know?
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.