by our College Data Analytics TeamHere you will find what students actually borrow to attend St. Joseph’s College of Nursing: 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 incoming students at St Joseph’s College of Nursing, 100% of incoming undergraduates borrow in year one, borrowing on average $15,500 each — a figure that counts both private and federal student loans.
The average federally funded loan is $3,500, which is 63.6% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at St Joseph’s College of Nursing (freshmen included), 82% borrow through federal student loan programs, borrowing on average $7,891 per year. This is 125.5% higher than the $3,500 typical freshmen borrow.
Repeating that yearly amount projects to about $15,782 across two years and $31,564 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 82% |
| Average federal loan per year | $7,891 |
| Undergraduates with a federal loan | 231 |
| Total federal loans (one year) | $1,822,895 |
The middle borrower at St Joseph’s College of Nursing owes $12,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $5,500 |
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 St Joseph’s College of Nursing.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,982 |
| 25th percentile | $10,915 |
| 75th percentile | $14,750 |
| 90th percentile (highest-debt students) | $20,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at St Joseph’s College of Nursing.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for St Joseph’s College of Nursing.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 70 | $20,297 |
The indicators below describe what the typical debt costs to pay back at St Joseph’s College of Nursing.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for St Joseph’s College of Nursing follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0.9% |
| Borrowers in the cohort | 110 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,183 |
| Middle income | $12,000 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,500 |
| Independent students | $14,750 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at St Joseph’s College of Nursing.
The Difference Between 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.