Financing: In order to cover the cost of their education, the College’s students may take advantage of a variety of financing options.  Below, we have provided the median amount financed by students in this program, broken out into federal education loans, private education loans, and institutional payment plans.  These median amounts were calculated in accordance with federal guidelines

Effective July 1, 2011, postsecondary institutions are required under federal law to calculate and disclose the median debt incurred by students who complete each program, by program, and broken down by federal education loans, private educational loans and institutional payment plans.

The median is the middle value in a distribution of values, above and below which lie an equal number of values. To calculate the median debt for a program, an institution follows the following three steps.

Step 1: Determine which students completed the program in the most recently completed award year.

Step 2: Arrange each student’s debt in ascending order, including students with zero debt.  For federal education loans and private educational loans, the debt is the amount the student borrowed.  For institutional payment plans, the debt is the amount the student still owed the institution when he or she graduated.

Step 3: Identify the middle value (since the median is the middle value in the distribution of all values).  If there is an even number of values in the distribution and thus there is no middle value, calculate the mean (average) of the two values at the halfway point.