by our College Data Analytics TeamBelow is federal data on the loans students use to pay for National Career College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At National Career College specifically, 70% of new students use loans toward freshman-year expenses, with a typical loan of $8,173 each, across private and federal loan sources.
On the federal side, the average loan is $8,173. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at National Career College, freshmen included, 59% borrow through federal student loan programs, at an average of $7,296 each per year. This works out to 10.7% below the $8,173 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $14,592 by year two and around $29,184 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $7,296 |
| Undergraduates with a federal loan | 349 |
| Total federal loans (one year) | $2,546,139 |
The middle borrower at National Career College owes $8,417 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,417 |
| Students who completed (graduates) | $8,645 |
| Students who withdrew | $8,177 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for National Career College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,778 |
| 75th percentile | $10,873 |
| 90th percentile (highest-debt students) | $15,784 |
How wide this percentile range is tells you how much borrowing varies across students at National Career College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at National Career College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 93 | $3,865 |
| Completed (graduates) | 65 | $3,865 |
| Did not complete | 28 | $4,102 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $45.96/mo.
These figures turn the debt totals into a monthly repayment picture for National Career College.
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 National Career College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.2% |
| Borrowers in the cohort | 39 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,526 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,583 |
| Independent students | $8,719 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at National Career College.
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.
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.