by our College Data Analytics TeamHere you will find what students actually borrow to attend Palmer College of Chiropractic: 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.
For undergraduates overall at Palmer College of Chiropractic - Davenport, 67% finance part of their studies with federal loans, at an average of $8,964 annually.
Borrowing at that rate every year works out to about $17,928 in two years and roughly $35,856 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $8,964 |
| Undergraduates with a federal loan | 28 |
| Total federal loans (one year) | $250,981 |
Graduating and withdrawing students at Palmer College of Chiropractic - Davenport carry a median federal debt of $7,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,500 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Palmer College of Chiropractic - Davenport.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,902 |
| 75th percentile | $15,750 |
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Palmer College of Chiropractic - Davenport.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 206 | $25,211 |
| Completed (graduates) | 184 | $27,988 |
| Did not complete | 22 | $21,539 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $332.81/mo.
These figures turn the debt totals into a monthly repayment picture for Palmer College of Chiropractic - Davenport.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Palmer College of Chiropractic - Davenport is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.3% |
| Borrowers in the cohort | 738 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,500 |
| Continuing-generation students | $7,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,500 |
| Independent students | $7,500 |
Federal data publishes the following gap measures for Palmer College of Chiropractic - Davenport.
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.
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.