by our College Data Analytics TeamHere you will find what students actually borrow to attend Ohio Institute of Allied Health: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Ohio Institute of Allied Health, 100% of freshmen borrow to help pay for their first year, averaging $11,957 per student, private and federal loans combined.
The average federally funded loan is $11,957. This reaches or tops the $5,500 first-year federal borrowing cap for a 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 Ohio Institute of Allied Health (freshmen included), 100% take out federal student loans, with a mean of $11,955 in federal loans per year. This works out to 0.0% below the $11,957 freshmen take on.
Repeating that yearly amount projects to about $23,910 in two years and roughly $47,820 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 100% |
| Average federal loan per year | $11,955 |
| Undergraduates with a federal loan | 44 |
| Total federal loans (one year) | $526,000 |
The middle borrower at Ohio Institute of Allied Health owes $9,499 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,499 |
| 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 Ohio Institute of Allied Health.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $10,230 |
The indicators below describe what the typical debt costs to pay back at Ohio Institute of Allied Health.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,840 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Ohio Institute of Allied Health.
Subsidized vs. 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.
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.