by our College Data Analytics TeamThis page focuses on the debt students take on to attend Merryfield School of Pet Grooming— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Merryfield School of Pet Grooming, 89% of new students use loans toward freshman-year expenses, at roughly $6,838 per student, private and federal loans combined.
The typical federal loan comes to $6,000. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Merryfield School of Pet Grooming, 92% use federal student loans to help pay for their education, at an average of $3,800 each per year. This is 36.7% lower than the $6,000 typical freshmen borrow.
At a steady annual pace, that totals around $7,600 after two years and $15,200 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 92% |
| Average federal loan per year | $3,800 |
| Undergraduates with a federal loan | 175 |
| Total federal loans (one year) | $665,000 |
The median student at Merryfield School of Pet Grooming borrows $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,166 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Merryfield School of Pet Grooming.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,666 |
| 75th percentile | $6,333 |
The indicators below describe what the typical debt costs to pay back at Merryfield School of Pet Grooming.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
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.