by our College Data Analytics TeamBelow is federal data on the loans students use to pay for The New England Conservatory of Music, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At The New England Conservatory of Music, 30% of freshmen borrow to help pay for their first year, borrowing on average $7,212 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $4,923, equal to roughly 89.5% of the typical first-year dependent student borrowing cap of $5,500. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at The New England Conservatory of Music, 23% take out federal student loans, with a mean of $5,973 in federal loans per year. This works out to 21.3% above the first-year federal average of $4,923.
Borrowing at that rate every year works out to about $11,946 by year two and around $23,892 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 | 23% |
| Average federal loan per year | $5,973 |
| Undergraduates with a federal loan | 92 |
| Total federal loans (one year) | $549,501 |
The middle borrower at The New England Conservatory of Music owes $19,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,500 |
| Students who completed (graduates) | $27,000 |
| Students who withdrew | $11,950 |
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 The New England Conservatory of Music.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,750 |
| 25th percentile | $15,500 |
| 75th percentile | $35,000 |
| 90th percentile (highest-debt students) | $37,500 |
How wide this percentile range is tells you how much borrowing varies across students at The New England Conservatory of Music.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for The New England Conservatory of Music.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 60 | $59,911 |
| Completed (graduates) | 41 | $59,267 |
| Did not complete | 19 | $70,403 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $704.75/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. The New England Conservatory of Music.
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 The New England Conservatory of Music follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0.7% |
| Borrowers in the cohort | 141 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $24,000 |
| Middle income | $21,625 |
| High income | $19,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $19,750 |
| Continuing-generation students | $19,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at The New England Conservatory of Music.
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.
Worth Knowing
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.