by our College Data Analytics TeamBelow is federal data on the loans students use to pay for St Louis College of Health Careers-St Louis: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
For incoming students at SLCHC, 87% of freshmen borrow to help pay for their first year, with a typical loan of $6,892 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $6,892. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at SLCHC, 72% take out federal student loans, for a typical $5,994 per year. This is 13.0% under the $6,892 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $11,988 across two years and $23,976 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 72% |
| Average federal loan per year | $5,994 |
| Undergraduates with a federal loan | 147 |
| Total federal loans (one year) | $881,114 |
The median student at SLCHC borrows $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $11,750 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for SLCHC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,974 |
| 25th percentile | $5,452 |
| 75th percentile | $16,000 |
| 90th percentile (highest-debt students) | $22,636 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at SLCHC.
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 SLCHC.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 96 | $7,250 |
| Completed (graduates) | 57 | $8,500 |
| Did not complete | 39 | $5,000 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $101.07/mo.
The indicators below describe what the typical debt costs to pay back at SLCHC.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for SLCHC follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.7% |
| Borrowers in the cohort | 411 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $9,500 |
| Middle income | $9,500 |
| High income | $9,752 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,818 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at SLCHC.
Subsidized vs. 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.
Did You Know?
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.