by our College Data Analytics TeamThis page focuses on the debt students take on to attend L Makeup Institute— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Among first-year students at L Makeup Institute, 61% of new students use loans toward freshman-year expenses, borrowing on average $6,095 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $6,095. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at L Makeup Institute, 61% take out federal student loans, borrowing on average $5,715 per year. It comes to 6.2% smaller than the first-year federal average of $6,095.
Repeating that yearly amount projects to about $11,430 over two years and about $22,860 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $5,715 |
| Undergraduates with a federal loan | 94 |
| Total federal loans (one year) | $537,227 |
Graduating and withdrawing students at L Makeup Institute carry a median federal debt of $6,702 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,702 |
| Students who completed (graduates) | $6,746 |
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for L Makeup Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 41 | $15,124 |
Repayment burden translates the debt figures into what a borrower actually pays each month. L Makeup Institute.
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 | $6,702 |
| Middle income | $6,702 |
| High income | $6,746 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,621 |
| Independent students | $9,713 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at L Makeup Institute.
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.
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.