by our College Data Analytics TeamHere you will find what students actually borrow to attend Berkowits School of Electrolysis— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Berkowits School of Electrolysis, 22% of incoming undergraduates borrow in year one, borrowing on average $6,151 per student, private and federal loans combined.
The average federal loan is $6,151. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Berkowits School of Electrolysis, freshmen included, 11% use federal student loans to help pay for their education, for a typical $6,151 each per year.
Carrying that yearly figure forward comes to roughly $12,302 after two years and $24,604 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 11% |
| Average federal loan per year | $6,151 |
| Undergraduates with a federal loan | 16 |
| Total federal loans (one year) | $98,410 |
The middle borrower at Berkowits School of Electrolysis owes $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
These figures turn the debt totals into a monthly repayment picture for Berkowits School of Electrolysis.
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Did You Know?
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.