by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Mountain State School of Massage— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Mountain State School of Massage, 100% of new students use loans toward freshman-year expenses, averaging $810 per student, private and federal loans combined.
The typical federal loan comes to $810, which is 14.7% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Mountain State School of Massage, 100% rely on federal student loans toward their education, for a typical $245 per year. This is 69.8% smaller than the $810 typical freshmen borrow.
Borrowing at that rate every year works out to about $490 over two years and about $980 after four. 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 | $245 |
| Undergraduates with a federal loan | 33 |
| Total federal loans (one year) | $8,097 |
The median student at Mountain State School of Massage borrows $8,181 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,181 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Mountain State School of Massage.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,736 |
| 75th percentile | $8,181 |
The indicators below describe what the typical debt costs to pay back at Mountain State School of Massage.
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 Mountain State School of Massage is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.6% |
| Borrowers in the cohort | 31 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The Difference Between 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
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.