by our College Data Analytics TeamHere you will find what students actually borrow to attend Midwest College of Oriental Medicine-Skokie: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Counting every undergraduate at MCOM - Evanston, 100% finance part of their studies with federal loans, at an average of $8,246 annually.
At a steady annual pace, that totals around $16,492 after two years and $32,984 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 | 100% |
| Average federal loan per year | $8,246 |
| Undergraduates with a federal loan | 1 |
| Total federal loans (one year) | $8,246 |
The middle borrower at MCOM - Evanston owes $15,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,000 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for MCOM - Evanston.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $8,334 |
| 75th percentile | $29,168 |
These figures turn the debt totals into a monthly repayment picture for MCOM - Evanston.
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 MCOM - Evanston follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.1% |
| Borrowers in the cohort | 77 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.