by our College Data Analytics TeamThis page focuses on the debt students take on to attend Med College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Med Academy specifically, 100% of incoming undergraduates borrow in year one, borrowing on average $9,255 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $9,255. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Med Academy (freshmen included), 92% use federal student loans to help pay for their education, for a typical $10,082 per year. This works out to 8.9% greater than the $9,255 freshmen take on.
Borrowing at that rate every year works out to about $20,164 over two years and about $40,328 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 92% |
| Average federal loan per year | $10,082 |
| Undergraduates with a federal loan | 272 |
| Total federal loans (one year) | $2,742,221 |
The median student at Med Academy borrows $17,828 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,828 |
| Students who completed (graduates) | $23,447 |
| Students who withdrew | $9,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
These figures turn the debt totals into a monthly repayment picture for Med Academy.
The Department of Education computes gap indicators that show how borrowing differs between student groups at Med Academy.
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.
Important to Remember
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.