by our College Data Analytics TeamBelow is federal data on the loans students use to pay for MedQuest College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Among first-year students at MedQuest College, 68% of freshmen borrow to help pay for their first year, averaging $1,863 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $1,810, which is 32.9% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at MedQuest College, freshmen included, 71% use federal student loans to help pay for their education, with a mean of $8,260 annually. This is 356.4% larger than the $1,810 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $16,520 in two years and roughly $33,040 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 71% |
| Average federal loan per year | $8,260 |
| Undergraduates with a federal loan | 419 |
| Total federal loans (one year) | $3,461,088 |
The middle borrower at MedQuest College owes $9,196 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,196 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for MedQuest College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,529 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at MedQuest College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at MedQuest College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 140 | $4,356 |
| Completed (graduates) | 97 | $5,824 |
| Did not complete | 43 | $3,347 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $69.25/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at MedQuest College.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 128 | — |
| No Stafford loan this year | 12 | — |
These figures turn the debt totals into a monthly repayment picture for MedQuest College.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,223 |
| Middle income | $9,351 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,179 |
| Continuing-generation students | $9,350 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,499 |
Federal data publishes the following gap measures for MedQuest College.
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.
Worth Knowing
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.