by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Midwest College of Oriental Medicine-Racine: 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.
Among all degree-seeking undergrads at MCOM - Racine, 67% finance part of their studies with federal loans, at an average of $11,500 annually.
Carrying that yearly figure forward comes to roughly $23,000 after two years and $46,000 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $11,500 |
| Undergraduates with a federal loan | 2 |
| Total federal loans (one year) | $23,000 |
The median student at MCOM - Racine borrows $15,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,000 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at MCOM - Racine.
| 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 - Racine.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for MCOM - Racine is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.1% |
| Borrowers in the cohort | 77 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The Difference Between 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?
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.