by our College Data Analytics TeamHere you will find what students actually borrow to attend WellSpring School of Allied Health-Lawrence, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
For incoming students at WellSpring - Lawrence, 100% of incoming students take out a loan to help cover first-year costs, averaging $10,091 per student, private and federal loans combined.
The typical federal loan comes to $9,402. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at WellSpring - Lawrence, 85% use federal student loans to help pay for their education, for a typical $5,482 each per year. This is 41.7% under the first-year federal average of $9,402.
At a steady annual pace, that totals around $10,964 after two years and $21,928 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 85% |
| Average federal loan per year | $5,482 |
| Undergraduates with a federal loan | 52 |
| Total federal loans (one year) | $285,081 |
The median student at WellSpring - Lawrence borrows $7,917 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
| Students who completed (graduates) | $7,917 |
| Students who withdrew | $4,584 |
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 WellSpring - Lawrence.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,959 |
| 25th percentile | $6,000 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at WellSpring - Lawrence.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for WellSpring - Lawrence.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 59 | $9,346 |
The indicators below describe what the typical debt costs to pay back at WellSpring - Lawrence.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for WellSpring - Lawrence follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.6% |
| Borrowers in the cohort | 130 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $7,917 |
| High income | $7,917 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,917 |
| Continuing-generation students | $7,917 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,250 |
| Independent students | $7,917 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at WellSpring - Lawrence.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.