by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Ohio Business College-Sheffield, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Ohio Business College-Sheffield, 63% of incoming students take out a loan to help cover first-year costs, for an average of $6,820 per student, private and federal loans combined.
The typical federal loan comes to $6,820. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Ohio Business College-Sheffield (freshmen included), 61% rely on federal student loans toward their education, borrowing on average $7,239 annually. This is 6.1% larger than the freshman federal average of $6,820.
Repeating that yearly amount projects to about $14,478 across two years and $28,956 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $7,239 |
| Undergraduates with a federal loan | 101 |
| Total federal loans (one year) | $731,163 |
Graduating and withdrawing students at Ohio Business College-Sheffield carry a median federal debt of $10,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,000 |
| Students who completed (graduates) | $12,416 |
| Students who withdrew | $6,334 |
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 Ohio Business College-Sheffield.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,237 |
| 25th percentile | $6,358 |
| 75th percentile | $21,500 |
| 90th percentile (highest-debt students) | $30,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Ohio Business College-Sheffield.
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 Ohio Business College-Sheffield.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 42 | $4,881 |
| Completed (graduates) | 22 | $5,714 |
| Did not complete | 20 | $4,841 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $67.95/mo.
These figures turn the debt totals into a monthly repayment picture for Ohio Business College-Sheffield.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Ohio Business College-Sheffield appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.0% |
| Borrowers in the cohort | 837 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $10,000 |
| Middle income | $10,296 |
| High income | $7,667 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,000 |
| Continuing-generation students | $9,800 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,666 |
| Independent students | $10,100 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Ohio Business College-Sheffield.
Subsidized and 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.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.