by our College Data Analytics TeamHere you will find what students actually borrow to attend International Academy of Style, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At International Academy of Style specifically, 70% of first-year students take on loan debt, at roughly $6,542 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $6,542. This meets or exceeds the $5,500 cap on first-year federal borrowing 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.
Counting every undergraduate at International Academy of Style, 66% take out federal student loans, averaging $6,946 annually. That is 6.2% above the $6,542 freshmen take on.
At a steady annual pace, that totals around $13,892 in two years and roughly $27,784 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 66% |
| Average federal loan per year | $6,946 |
| Undergraduates with a federal loan | 120 |
| Total federal loans (one year) | $833,523 |
The median student at International Academy of Style borrows $6,333 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for International Academy of Style.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,166 |
| 25th percentile | $5,500 |
| 75th percentile | $9,869 |
| 90th percentile (highest-debt students) | $12,370 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at International Academy of Style.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at International Academy of Style.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 22 | $9,563 |
Repayment burden translates the debt figures into what a borrower actually pays each month. International Academy of Style.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for International Academy of Style is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.0% |
| Borrowers in the cohort | 18 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,333 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at International Academy of Style.
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.
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.