by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Springfield College-Regional, Online, and Continuing Education: 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 Springfield College - School of Professional and Continuing Studies, 80% borrow through federal student loan programs, with a mean of $9,319 per year.
Repeating that yearly amount projects to about $18,638 in two years and roughly $37,276 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 80% |
| Average federal loan per year | $9,319 |
| Undergraduates with a federal loan | 196 |
| Total federal loans (one year) | $1,826,550 |
The middle borrower at Springfield College - School of Professional and Continuing Studies owes $23,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $23,000 |
| Students who completed (graduates) | $26,250 |
| Students who withdrew | $11,072 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Springfield College - School of Professional and Continuing Studies.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $12,000 |
| 75th percentile | $27,000 |
| 90th percentile (highest-debt students) | $32,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Springfield College - School of Professional and Continuing Studies.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Springfield College - School of Professional and Continuing Studies.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 516 | $24,787 |
| Completed (graduates) | 359 | $30,000 |
| Did not complete | 157 | $15,079 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $356.73/mo.
Federal data lets us separate Stafford borrowers from the rest at Springfield College - School of Professional and Continuing Studies.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 487 | $26,000 |
| No Stafford loan this year | 29 | $16,000 |
These figures turn the debt totals into a monthly repayment picture for Springfield College - School of Professional and Continuing Studies.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Springfield College - School of Professional and Continuing Studies is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.2% |
| Borrowers in the cohort | 1876 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $20,315 |
| Middle income | $23,000 |
| High income | $25,000 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $22,985 |
| Continuing-generation students | $23,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $25,000 |
| Independent students | $20,674 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Springfield College - School of Professional and Continuing Studies.
Subsidized and 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.