by our College Data Analytics TeamBelow is federal data on the loans students use to pay for East-West Healing Arts Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Among first-year students at East-West Healing Arts Institute, 68% of incoming students take out a loan to help cover first-year costs, averaging $6,739 each — a figure that counts both private and federal student loans.
The average federally funded loan is $6,739. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at East-West Healing Arts Institute, freshmen included, 55% borrow through federal student loan programs, borrowing on average $10,259 per year. This is 52.2% greater than the $6,739 freshmen take on.
Borrowing the same amount each year would add up to roughly $20,518 in two years and roughly $41,036 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 55% |
| Average federal loan per year | $10,259 |
| Undergraduates with a federal loan | 43 |
| Total federal loans (one year) | $441,144 |
The median student at East-West Healing Arts Institute borrows $8,444 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,444 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for East-West Healing Arts Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,444 |
| 75th percentile | $8,444 |
Repayment burden translates the debt figures into what a borrower actually pays each month. East-West Healing Arts Institute.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.