by our College Data Analytics TeamHere you will find what students actually borrow to attend Medical Allied Career Center, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Medical Allied Career Center, 82% of freshmen borrow to help pay for their first year, at roughly $7,945 per student, private and federal loans combined.
On the federal side, the average loan is $7,945. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Medical Allied Career Center (freshmen included), 91% finance part of their studies with federal loans, with a mean of $8,191 in federal loans per year. It comes to 3.1% higher than the $7,945 freshmen take on.
At a steady annual pace, that totals around $16,382 in two years and roughly $32,764 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 | 91% |
| Average federal loan per year | $8,191 |
| Undergraduates with a federal loan | 85 |
| Total federal loans (one year) | $696,275 |
Graduating and withdrawing students at Medical Allied Career Center carry a median federal debt of $17,130 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,130 |
| Students who completed (graduates) | $17,130 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Medical Allied Career Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $10,246 |
| 75th percentile | $17,130 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Medical Allied Career Center.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Medical Allied Career Center appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 1 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,130 |
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.