by our College Data Analytics TeamHere you will find what students actually borrow to attend New York Institute of Massage Inc: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At New York Institute of Massage Inc specifically, 67% of incoming students take out a loan to help cover first-year costs, with a typical loan of $10,818 each, across private and federal loan sources.
The average federal loan is $10,758. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at New York Institute of Massage Inc (freshmen included), 49% take out federal student loans, averaging $5,468 a year. This is 49.2% below the $10,758 freshmen take on.
At a steady annual pace, that totals around $10,936 by year two and around $21,872 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 | 49% |
| Average federal loan per year | $5,468 |
| Undergraduates with a federal loan | 69 |
| Total federal loans (one year) | $377,310 |
Graduating and withdrawing students at New York Institute of Massage Inc carry a median federal debt of $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $10,322 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for New York Institute of Massage Inc.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $12,113 |
| 90th percentile (highest-debt students) | $12,113 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at New York Institute of Massage Inc.
These figures turn the debt totals into a monthly repayment picture for New York Institute of Massage Inc.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for New York Institute of Massage Inc is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.4% |
| Borrowers in the cohort | 85 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $9,500 |
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?
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.