by our College Data Analytics TeamHere you will find what students actually borrow to attend WellSpring School of Allied Health-Springfield: 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.
Among first-year students at WellSpring - Springfield, 79% of incoming students take out a loan to help cover first-year costs, with a typical loan of $7,556 each — a figure that counts both private and federal student loans.
Federal loans alone average $6,971. 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.
Counting every undergraduate at WellSpring - Springfield, 85% finance part of their studies with federal loans, at an average of $7,390 per year. That is 6.0% greater than the first-year federal average of $6,971.
Repeating that yearly amount projects to about $14,780 across two years and $29,560 by the fourth year. 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 | $7,390 |
| Undergraduates with a federal loan | 116 |
| Total federal loans (one year) | $857,202 |
The median student at WellSpring - Springfield borrows $7,917 in federal borrowing.
| 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 - Springfield.
| 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 |
How wide this percentile range is tells you how much borrowing varies across students at WellSpring - Springfield.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for WellSpring - Springfield.
| 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 - Springfield.
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 WellSpring - Springfield is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.6% |
| Borrowers in the cohort | 130 |
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.
Median Debt by Income Bracket
| 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 - Springfield.
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.
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.