by our College Data Analytics TeamHere you will find what students actually borrow to attend Eric Fisher Academy— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Eric Fisher Academy, 79% of incoming students take out a loan to help cover first-year costs, with a typical loan of $7,886 per borrower, covering both private and federal loans.
The average federal loan is $7,179. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Counting every undergraduate at Eric Fisher Academy, 48% borrow through federal student loan programs, with a mean of $6,792 each per year. It comes to 5.4% lower than the $7,179 typical freshmen borrow.
Repeating that yearly amount projects to about $13,584 by year two and around $27,168 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $6,792 |
| Undergraduates with a federal loan | 138 |
| Total federal loans (one year) | $937,253 |
The median student at Eric Fisher Academy borrows $8,986 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,986 |
| Students who completed (graduates) | $9,339 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Eric Fisher Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,942 |
| 25th percentile | $5,883 |
| 75th percentile | $10,661 |
| 90th percentile (highest-debt students) | $15,392 |
How wide this percentile range is tells you how much borrowing varies across students at Eric Fisher Academy.
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 Eric Fisher Academy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 48 | $9,050 |
These figures turn the debt totals into a monthly repayment picture for Eric Fisher Academy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Eric Fisher Academy appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.9% |
| Borrowers in the cohort | 52 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,339 |
| Middle income | $7,227 |
| High income | $9,339 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,338 |
| Continuing-generation students | $8,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,080 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Eric Fisher Academy.
The Difference Between 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.