Student Loan Debt at Academy for Five Element Acupuncture

Learn how student loan debt and default rates at Academy for Five Element Acupuncture compare to the national average, and how this could impact your future. Understand the differences in student loans, how to estimate payments and how to protect yourself from incurring a debt that can never be removed from your credit, even if you declare bankruptcy.

Answers to Questions About Student Loans

The majority of students take on debt in order to pay for their degree. The question you need to ask yourself is how much debt will I have to take on to pay for Academy for Five Element Acupuncture, and how easily will I pay it off? Keep scrolling down the page for answers.

Student Loans for Freshmen Unknown

We are unable to provide you with information on loans and financing opportunities for Academy for Five Element Acupuncture freshmen, as unfortunately, that information is not available to us.

Federal Student Loans for All Undergraduates Unknown

We cannot report the average loan amounts for undergraduates attending Academy for Five Element Acupuncture, as that information is not available to us.

The Default Rate on Student Loans is Decreasing

Loan default rates can indicate how well Academy for Five Element Acupuncture is helping students afford to attend college without undue reliance on loans, particularly unsubsidized loans. It can also indicate future earnings and career potential. Look at the information below, and discover why this statistic should be a factor in your college decision.

A total of 49 Academy for Five Element Acupuncture students entered loan repayment in 2010. After three years, 4.0% of these students (2 out of 49) defaulted on their loans. The lower the default rate the better! The chart below compares this college to the average 3-year default rate calculated accross all of the 4-year schools we have data for.

Prior to 2012, default rates were calculated at two years. The historical two-year default rate on student loans increased during a three-year period.

When compared to the average three-year default rate of 7.4%, the default rate at Academy for Five Element Acupuncture is very good. This could be an indication that the college is working to meet the financial needs of students in such a way that reliance on student loans, particularly unsubsidized loans, is minimized for the majority of students.

Other Factors to Consider

  • In most cases, a student is considered to have defaulted on their loan if they have not made a payment in 270 days. This does not include students who have requested to go into forbearance due to financial hardship, so the actual amount of students who aren't paying back their loans could be higher. Do you understand the consequences of defaulting on a loan?
  • Some college experts advise that a student's total debt by the time they graduate should not exceed the amount they will make in one year's salary. Have you done research into your desired career fields to see what type of salary you can expect?
  • The default rate a school reports has an effect on the amount of government aid they are able to receive. A high default rate might mean the school is on shaky ground financially. What would the consequences be if the college you were attending were in financial distress? (Could the school cut back on faculty and staff? Eliminate entire programs?)

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