by our College Data Analytics TeamThis page focuses on the debt students take on to attend Marion S Whelan School of Nursing of Geneva General Hospital— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At MSWSPN specifically, 100% of new students use loans toward freshman-year expenses, for an average of $1,375 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $1,375, amounting to 25.0% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at MSWSPN, 100% rely on federal student loans toward their education, borrowing on average $7,278 in federal loans per year. It comes to 429.3% higher than the freshman federal average of $1,375.
At a steady annual pace, that totals around $14,556 by year two and around $29,112 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 100% |
| Average federal loan per year | $7,278 |
| Undergraduates with a federal loan | 10 |
| Total federal loans (one year) | $72,775 |
The middle borrower at MSWSPN owes $14,751 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,751 |
| Students who completed (graduates) | $18,955 |
| Students who withdrew | $6,029 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at MSWSPN.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,829 |
| 25th percentile | $5,420 |
| 75th percentile | $19,000 |
| 90th percentile (highest-debt students) | $20,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at MSWSPN.
These figures turn the debt totals into a monthly repayment picture for MSWSPN.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for MSWSPN appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.7% |
| Borrowers in the cohort | 63 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $14,894 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,130 |
| Independent students | $15,394 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at MSWSPN.
Subsidized vs. 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.
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.