by our College Data Analytics TeamThis page focuses on the debt students take on to attend Washington Saratoga Warren Hamilton Essex BOCES-Practical Nursing Program: 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.
Looking at the entering class at Washington Saratoga Warren Hamilton Essex BOCES-Practical Nursing Program, 100% of new students use loans toward freshman-year expenses, for an average of $9,275 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $9,275. 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.
Across the full undergraduate body at Washington Saratoga Warren Hamilton Essex BOCES-Practical Nursing Program (freshmen included), 97% borrow through federal student loan programs, with a mean of $11,633 a year. That amounts to 25.4% above the first-year federal average of $9,275.
Borrowing at that rate every year works out to about $23,266 after two years and $46,532 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 | 97% |
| Average federal loan per year | $11,633 |
| Undergraduates with a federal loan | 37 |
| Total federal loans (one year) | $430,422 |
The median student at Washington Saratoga Warren Hamilton Essex BOCES-Practical Nursing Program borrows $13,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,000 |
The indicators below describe what the typical debt costs to pay back at Washington Saratoga Warren Hamilton Essex BOCES-Practical Nursing Program.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Washington Saratoga Warren Hamilton Essex BOCES-Practical Nursing Program follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.9% |
| Borrowers in the cohort | 89 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $13,000 |
Subsidized vs. 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.