by our College Data Analytics TeamThis page focuses on the debt students take on to attend Madison Oneida BOCES-Practical Nursing Program, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Madison Oneida BOCES-Practical Nursing Program specifically, 93% of incoming undergraduates borrow in year one, borrowing on average $9,656 each, across private and federal loan sources.
Federal loans alone average $9,220. 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.
Looking at all undergraduates at Madison Oneida BOCES-Practical Nursing Program, freshmen included, 94% use federal student loans to help pay for their education, borrowing on average $8,862 per year. That is 3.9% less than the $9,220 borrowed by freshmen.
Repeating that yearly amount projects to about $17,724 across two years and $35,448 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 94% |
| Average federal loan per year | $8,862 |
| Undergraduates with a federal loan | 105 |
| Total federal loans (one year) | $930,480 |
The median student at Madison Oneida BOCES-Practical Nursing Program borrows $9,052 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,052 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Madison Oneida BOCES-Practical Nursing Program.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Madison Oneida BOCES-Practical Nursing Program.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Madison Oneida BOCES-Practical Nursing Program appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.6% |
| Borrowers in the cohort | 89 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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.
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.