by our College Data Analytics TeamThis page focuses on the debt students take on to attend Mount Carmel College of Nursing: 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.
Looking at the entering class at Mount Carmel College of Nursing, 62% of new students use loans toward freshman-year expenses, for an average of $6,307 per borrower, covering both private and federal loans.
Federal loans alone average $5,875. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Mount Carmel College of Nursing, 65% finance part of their studies with federal loans, borrowing on average $8,758 annually. This is 49.1% greater than the $5,875 freshmen take on.
Carrying that yearly figure forward comes to roughly $17,516 after two years and $35,032 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $8,758 |
| Undergraduates with a federal loan | 375 |
| Total federal loans (one year) | $3,284,158 |
Graduating and withdrawing students at Mount Carmel College of Nursing carry a median federal debt of $21,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $21,000 |
| Students who completed (graduates) | $22,082 |
| Students who withdrew | $6,149 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Mount Carmel College of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $11,875 |
| 75th percentile | $26,976 |
| 90th percentile (highest-debt students) | $33,429 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Mount Carmel College of Nursing.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Mount Carmel College of Nursing.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 193 | $25,000 |
| Completed (graduates) | 155 | $26,648 |
| Did not complete | 38 | $20,934 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $316.87/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Mount Carmel College of Nursing.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 164 | $26,793 |
| No Stafford loan this year | 29 | $14,828 |
These figures turn the debt totals into a monthly repayment picture for Mount Carmel College of Nursing.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Mount Carmel College of Nursing is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.1% |
| Borrowers in the cohort | 234 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $21,931 |
| Middle income | $21,500 |
| High income | $18,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $21,000 |
| Continuing-generation students | $20,496 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $18,732 |
| Independent students | $22,082 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Mount Carmel College of Nursing.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.