by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Northeast Ohio Medical University, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for NEOMED.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $1,425 |
| 75th percentile | $2,825 |
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at NEOMED.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 65 | $20,858 |
These figures turn the debt totals into a monthly repayment picture for NEOMED.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for NEOMED is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 138 |
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.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.