by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Visible Music College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Visible Music College, 61% of new students use loans toward freshman-year expenses, borrowing on average $7,552 per student, private and federal loans combined.
Federal loans alone average $7,089. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Visible Music College, 58% take out federal student loans, at an average of $7,428 per year. That is 4.8% above the $7,089 borrowed by freshmen.
At a steady annual pace, that totals around $14,856 by year two and around $29,712 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $7,428 |
| Undergraduates with a federal loan | 97 |
| Total federal loans (one year) | $720,487 |
The median student at Visible Music College borrows $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Visible Music College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $23,500 |
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Visible Music College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 51 | $19,512 |
| Completed (graduates) | 30 | $15,862 |
| Did not complete | 21 | $20,016 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $188.62/mo.
These figures turn the debt totals into a monthly repayment picture for Visible Music College.
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 Visible Music College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.4% |
| Borrowers in the cohort | 29 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $7,450 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Visible Music College.
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.
Important to Remember
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.