NOTE: Fewer than 10 programs may be displayed if they disclosure rules for providing wage outcome data are not met.Top 25 Programs by EnrollmentTop 25 Programs by Degrees Awarded
|Traditionally the first professional degree has represented degree programs beyond the bachelor's preparing students for the recofnition, credential or license required for professional practices. While these programs would seem to be clearly appropriate for wage outcomes at 18 months post-completion, they often provide the least useful results in our model. The reasons for this are understandable. First, in the the case of law degrees, a minority of attorneys work in positions that are covered by unemployment insurance as most are self-employed, in partnership arrangements, or treated as independent contractors. Second, medical doctor graduates most often go from medical school to residency programs which are not only relatively low-paid but are frequently out-of-state.|
The US Education Department discontinued the use of the term "First Professional" during the 2010-11 data collection year. SCHEV will continue to use the phrase or some time to come because the structure of existing funding models which are outside of SCHEV's sole control.
Known Debt at Graduation of Student Borrowers
|Year||% of grads||25th Percentile||Median||Estimated Payment on Median Debt||Mean||75th Percentile|
Note: The four-year bachelor’s degree mean and median debt levels reported on this site may differ from that reported by individual institutions. Many institutions report indebtedness based on the Common Data Set definition, which limits the indebtedness level reported to include only those students who entered the institution as first-time in college (FTIC) students. The inclusion of graduates who entered as transfer students may tend to lower the overall mean or median debt level because it does not include any debt that transfer students acquired while attending previous institutions outside Virginia and relatively few transfers from Virginia’s two-year colleges incur debt prior to transfer. Repayment estimates assume a standard 10-year repayment rate, and a 5% interest rate for undegraduate loans (for which multiple interest rates exist) and 6.8% for graduate and professional programs. Borrowers with federal loans may be eligible for Income Driven Repayment, which may result in lower payments.