by our College Data Analytics TeamThis page focuses on the debt students take on to attend Nevada Career Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
For incoming students at Nevada Career Institute, 70% of new students use loans toward freshman-year expenses, at roughly $4,963 per student, private and federal loans combined.
The average federally funded loan is $4,846, amounting to 88.1% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Nevada Career Institute (freshmen included), 75% borrow through federal student loan programs, averaging $5,884 a year. This works out to 21.4% greater than the $4,846 freshmen take on.
At a steady annual pace, that totals around $11,768 after two years and $23,536 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 | 75% |
| Average federal loan per year | $5,884 |
| Undergraduates with a federal loan | 442 |
| Total federal loans (one year) | $2,600,691 |
Graduating and withdrawing students at Nevada Career Institute carry a median federal debt of $9,321 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,321 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
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 Nevada Career Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,438 |
| 25th percentile | $5,500 |
| 75th percentile | $16,115 |
| 90th percentile (highest-debt students) | $18,845 |
How wide this percentile range is tells you how much borrowing varies across students at Nevada Career Institute.
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 Nevada Career Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 293 | $10,272 |
| Completed (graduates) | 179 | $9,501 |
| Did not complete | 114 | $10,723 |
On a standard 10-year plan, the median completing borrower would pay about $112.98/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Nevada Career Institute.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 280 | — |
| No Stafford loan | 13 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 260 | $10,447 |
| No Stafford loan this year | 33 | $8,050 |
The indicators below describe what the typical debt costs to pay back at Nevada Career Institute.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Nevada Career Institute appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.8% |
| Borrowers in the cohort | 329 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,354 |
| Middle income | $9,319 |
| High income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,319 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Nevada Career Institute.
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
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.