Median Loan Debt
New England Culinary Institute is required to provide median loan debt information for students who have completed their academic program in the last three financial aid award years. The information is presented by program and loan type to include Federal Stafford Loans, Alternative Loans and Institutional Loans, as required by federal regulations.
Median loan debt is based on the number of students who completed in the specific financial aid award year, and has been calculated by comparing the total amounts that students borrowed for each loan type, starting with $0 up to the maximum amount borrowed.
The debt reported for institutional financing is the amount the student still owes after leaving school. The private loan debt is the amount the institution knows the student received.
2009 – 2010 |
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| Program | No. of Graduates | Median Loan Debt | ||
|---|---|---|---|---|
| Federal Loans | Private Loans | Institutional Loans |
||
| AOS Baking and Pastry | 41 | $11,775 | $0 | $0 |
| AOS Culinary Arts | 73 | $10,000 | $0 | $0 |
| AOS Hospitality and Restaurant Management | 2 | $982 | $0 | $0 |
| BA Culinary Arts | 23 | $18,463 | $12,500 | $0 |
| BA Hospitality and Restaurant Management | 14 | $14,962 | $16,315 | $0 |
| BA Hospitality and Restaurant Management Online | 11 | $21,732 | $0 | $0 |
| Certificate Professional Baking | 14 | $4,251 | $0 | $0 |
| Certificate Professional Cooking | 23 | $2,296 | $0 | $0 |
| Certificate Professional Pastry | 7 | $5,500 | $0 | $0 |
2008 – 2009 |
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| Program | No. of Graduates | Median Loan Debt | ||
| Federal Loans | Private Loans | Institutional Loans |
||
| AOS Baking and Pastry | 27 | $7,125 | $0 | $0 |
| AOS Culinary Arts | 119 | $7,125 | $0 | $0 |
| AOS Hospitality and Restaurant Management | 5 | $10,700 | $17,076 | $0 |
| BA Culinary Arts | 18 | $12,681 | $0 | $0 |
| BA Hospitality and Restaurant Management | 16 | $14,455 | $0 | $0 |
| BA Hospitality and Restaurant Management Online | 9 | $20,311 | $0 | $0 |
| Certificate Professional Baking | 0 | |||
| Certificate Professional Cooking | 7 | $630 | $0 | $0 |
| Certificate Professional Pastry | 1 | $7,586 | $0 | $0 |
2007 – 2008 |
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| Program | No. of Graduates | Median Loan Debt | ||
| Federal Loans | Private Loans | Institutional Loans |
||
| AOS Baking and Pastry | 21 | $7,125 | $24,354 | $0 |
| AOS Culinary Arts | 143 | $7,125 | $18,605 | $0 |
| AOS Hospitality and Restaurant Management | 4 | $4,563 | $0 | $0 |
| BA Culinary Arts | 15 | $15,440 | $30,008 | $0 |
| BA Hospitality and Restaurant Management | 23 | $7,250 | $0 | $0 |
| Certificate Professional Baking | 2 | $3,312 | $6,000 | $0 |
| Certificate Professional Cooking | 5 | $2,625 | $0 | $0 |
| Certificate Professional Pastry | 1 | $2,625 | $0 | $0 |
