by our College Data Analytics TeamThis page focuses on the debt students take on to attend Sacred Heart Major Seminary, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at SHMS, 0% of incoming students take out a loan to help cover first-year costs.
Among all degree-seeking undergrads at SHMS, 2% borrow through federal student loan programs, averaging $6,333 per year.
Carrying that yearly figure forward comes to roughly $12,666 across two years and $25,332 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 2% |
| Average federal loan per year | $6,333 |
| Undergraduates with a federal loan | 3 |
| Total federal loans (one year) | $19,000 |
The middle borrower at SHMS owes $7,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. SHMS.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for SHMS is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 19 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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.