by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Wayne Finger Lakes BOCES-Practical Nursing Program: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Wayne Finger Lakes BOCES-Practical Nursing Program, 69% of freshmen borrow to help pay for their first year, for an average of $3,562 each — a figure that counts both private and federal student loans.
The average federal loan is $3,562, or about 64.8% of the typical first-year dependent student borrowing cap of $5,500. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Wayne Finger Lakes BOCES-Practical Nursing Program, 71% rely on federal student loans toward their education, for a typical $5,190 each per year. This is 45.7% larger than the $3,562 freshmen take on.
Repeating that yearly amount projects to about $10,380 in two years and roughly $20,760 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 71% |
| Average federal loan per year | $5,190 |
| Undergraduates with a federal loan | 55 |
| Total federal loans (one year) | $285,467 |
The middle borrower at Wayne Finger Lakes BOCES-Practical Nursing Program owes $10,649 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,649 |
| Students who completed (graduates) | $12,125 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Wayne Finger Lakes BOCES-Practical Nursing Program.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $12,125 |
| 90th percentile (highest-debt students) | $12,125 |
How wide this percentile range is tells you how much borrowing varies across students at Wayne Finger Lakes BOCES-Practical Nursing Program.
Repayment burden translates the debt figures into what a borrower actually pays each month. Wayne Finger Lakes BOCES-Practical Nursing Program.
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 Wayne Finger Lakes BOCES-Practical Nursing Program follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.4% |
| Borrowers in the cohort | 145 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,119 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,125 |
| Independent students | $12,125 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Wayne Finger Lakes BOCES-Practical Nursing Program.
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.
Did You Know?
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.