by our College Data Analytics TeamHere you will find what students actually borrow to attend Chester Career College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Richmond School of Health and Technology, 100% of new students use loans toward freshman-year expenses, at roughly $7,909 per borrower, covering both private and federal loans.
Federal loans alone average $7,909. This reaches or tops the $5,500 first-year federal borrowing cap 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.
Among all degree-seeking undergrads at Richmond School of Health and Technology, 50% take out federal student loans, with a mean of $13,997 in federal loans per year. It comes to 77.0% greater than the first-year federal average of $7,909.
Borrowing the same amount each year would add up to roughly $27,994 over two years and about $55,988 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 50% |
| Average federal loan per year | $13,997 |
| Undergraduates with a federal loan | 160 |
| Total federal loans (one year) | $2,239,596 |
The middle borrower at Richmond School of Health and Technology owes $16,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,000 |
| Students who completed (graduates) | $19,879 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Richmond School of Health and Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,809 |
| 25th percentile | $4,750 |
| 75th percentile | $19,111 |
| 90th percentile (highest-debt students) | $20,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Richmond School of Health and Technology.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Richmond School of Health and Technology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 23 | $5,144 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Richmond School of Health and Technology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Richmond School of Health and Technology is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.8% |
| Borrowers in the cohort | 428 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,908 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,254 |
| Independent students | $18,439 |
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.
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.