by our College Data Analytics TeamBelow is federal data on the loans students use to pay for North Bennet Street School, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at North Bennet Street School, 20% of incoming students take out a loan to help cover first-year costs, for an average of $5,500 each — a figure that counts both private and federal student loans.
Federal loans alone average $5,500, representing 100.0% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at North Bennet Street School, 33% rely on federal student loans toward their education, borrowing on average $8,099 in federal loans per year. This works out to 47.3% more than the $5,500 freshmen take on.
At a steady annual pace, that totals around $16,198 across two years and $32,396 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 33% |
| Average federal loan per year | $8,099 |
| Undergraduates with a federal loan | 54 |
| Total federal loans (one year) | $437,334 |
The median student at North Bennet Street School borrows $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at North Bennet Street School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $8,897 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $20,000 |
How wide this percentile range is tells you how much borrowing varies across students at North Bennet Street School.
These figures turn the debt totals into a monthly repayment picture for North Bennet Street School.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for North Bennet Street School is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.8% |
| Borrowers in the cohort | 47 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $10,750 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at North Bennet Street School.
The Difference Between Subsidized and 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.
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.