by our College Data Analytics TeamThis page focuses on the debt students take on to attend Prism Career Institute, Cherry Hill, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Prism Career Institute, 72% of incoming students take out a loan to help cover first-year costs, with a typical loan of $7,918 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $7,918. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Prism Career Institute, 65% borrow through federal student loan programs, at an average of $8,254 per year. That amounts to 4.2% higher than the first-year federal average of $7,918.
At a steady annual pace, that totals around $16,508 after two years and $33,016 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $8,254 |
| Undergraduates with a federal loan | 267 |
| Total federal loans (one year) | $2,203,855 |
The middle borrower at Prism Career Institute owes $16,645 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,645 |
| Students who completed (graduates) | $17,200 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Prism Career Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,669 |
| 25th percentile | $7,600 |
| 75th percentile | $17,200 |
| 90th percentile (highest-debt students) | $17,200 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Prism Career Institute.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Prism Career Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 201 | $7,321 |
| Completed (graduates) | 126 | $8,453 |
| Did not complete | 75 | $5,179 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $100.52/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Prism Career Institute.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 190 | — |
| No Stafford loan this year | 11 | — |
These figures turn the debt totals into a monthly repayment picture for Prism Career Institute.
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 Prism Career Institute appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 27.1% |
| Borrowers in the cohort | 1025 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $16,458 |
| Middle income | $16,892 |
| High income | $13,200 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,625 |
| Continuing-generation students | $17,093 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,176 |
| Independent students | $17,092 |
Federal data publishes the following gap measures for Prism Career Institute.
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
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.