by our College Data Analytics TeamThis page focuses on the debt students take on to attend New York Medical Career Training Center: 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 New York Medical Career Training Center, 72% of freshmen borrow to help pay for their first year, at roughly $6,600 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $6,600. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. 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 New York Medical Career Training Center (freshmen included), 54% finance part of their studies with federal loans, at an average of $11,936 per year. This is 80.8% above the first-year federal average of $6,600.
Repeating that yearly amount projects to about $23,872 across two years and $47,744 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $11,936 |
| Undergraduates with a federal loan | 285 |
| Total federal loans (one year) | $3,401,770 |
Graduating and withdrawing students at New York Medical Career Training Center carry a median federal debt of $12,239 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,239 |
| Students who completed (graduates) | $14,282 |
| Students who withdrew | $4,349 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at New York Medical Career Training Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,324 |
| 25th percentile | $4,652 |
| 75th percentile | $14,750 |
| 90th percentile (highest-debt students) | $23,307 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at New York Medical Career Training Center.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at New York Medical Career Training Center.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 39 | $7,623 |
The indicators below describe what the typical debt costs to pay back at New York Medical Career Training Center.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for New York Medical Career Training Center appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.0% |
| Borrowers in the cohort | 22 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,379 |
| Middle income | $14,282 |
| High income | $21,684 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,014 |
| Continuing-generation students | $14,750 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,459 |
| Independent students | $14,406 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at New York Medical Career Training Center.
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.
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.