by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Aveda Arts & Sciences Institute, Lafayette, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Aveda Arts & Sciences Institute, Lafayette, 97% of incoming students take out a loan to help cover first-year costs, for an average of $7,912 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,327. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Aveda Arts & Sciences Institute, Lafayette, 62% rely on federal student loans toward their education, at an average of $6,797 annually. This is 7.2% under the $7,327 borrowed by freshmen.
Borrowing at that rate every year works out to about $13,594 by year two and around $27,188 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 | 62% |
| Average federal loan per year | $6,797 |
| Undergraduates with a federal loan | 146 |
| Total federal loans (one year) | $992,370 |
Graduating and withdrawing students at Aveda Arts & Sciences Institute, Lafayette carry a median federal debt of $7,411 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,411 |
| Students who completed (graduates) | $7,916 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Aveda Arts & Sciences Institute, Lafayette.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,998 |
| 25th percentile | $4,750 |
| 75th percentile | $11,444 |
| 90th percentile (highest-debt students) | $13,833 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Aveda Arts & Sciences Institute, Lafayette.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Aveda Arts & Sciences Institute, Lafayette.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 48 | $7,636 |
The indicators below describe what the typical debt costs to pay back at Aveda Arts & Sciences Institute, Lafayette.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Aveda Arts & Sciences Institute, Lafayette follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.0% |
| Borrowers in the cohort | 80 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,916 |
| Middle income | $5,500 |
| High income | $7,427 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,394 |
| Continuing-generation students | $7,666 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,200 |
| Independent students | $7,916 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Aveda Arts & Sciences Institute, Lafayette.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.