by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Worsham College of Mortuary Science: 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.
For incoming students at Worsham College of Mortuary Science, 44% of freshmen borrow to help pay for their first year, at roughly $10,108 each — a figure that counts both private and federal student loans.
The average federally funded loan is $10,108. 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.
Among all degree-seeking undergrads at Worsham College of Mortuary Science, 89% use federal student loans to help pay for their education, averaging $8,189 per year. That is 19.0% lower than the $10,108 freshmen take on.
Borrowing at that rate every year works out to about $16,378 in two years and roughly $32,756 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 89% |
| Average federal loan per year | $8,189 |
| Undergraduates with a federal loan | 166 |
| Total federal loans (one year) | $1,359,374 |
The median student at Worsham College of Mortuary Science borrows $12,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
| Students who completed (graduates) | $15,024 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Worsham College of Mortuary Science.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,111 |
| 75th percentile | $15,333 |
| 90th percentile (highest-debt students) | $15,333 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Worsham College of Mortuary Science.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Worsham College of Mortuary Science.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 23 | $13,346 |
The indicators below describe what the typical debt costs to pay back at Worsham College of Mortuary Science.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Worsham College of Mortuary Science follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.7% |
| Borrowers in the cohort | 77 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $11,333 |
| Middle income | $14,603 |
| High income | $9,143 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,250 |
| Continuing-generation students | $10,222 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,111 |
| Independent students | $15,333 |
Federal data publishes the following gap measures for Worsham College of Mortuary Science.
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
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.