by our College Data Analytics TeamHere you will find what students actually borrow to attend Platt College-Los Angeles— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Platt College - Los Angeles specifically, 59% of first-year students take on loan debt, with a typical loan of $9,922 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $8,291. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Platt College - Los Angeles, 64% use federal student loans to help pay for their education, with a mean of $9,443 in federal loans per year. That is 13.9% larger than the first-year federal average of $8,291.
Carrying that yearly figure forward comes to roughly $18,886 after two years and $37,772 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $9,443 |
| Undergraduates with a federal loan | 378 |
| Total federal loans (one year) | $3,569,424 |
The middle borrower at Platt College - Los Angeles owes $15,215 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,215 |
| Students who completed (graduates) | $18,685 |
| Students who withdrew | $5,645 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Platt College - Los Angeles.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,613 |
| 25th percentile | $10,133 |
| 75th percentile | $25,052 |
| 90th percentile (highest-debt students) | $32,492 |
How wide this percentile range is tells you how much borrowing varies across students at Platt College - Los Angeles.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Platt College - Los Angeles.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 482 | $7,741 |
| Completed (graduates) | 343 | $10,066 |
| Did not complete | 139 | $5,246 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $119.7/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Platt College - Los Angeles.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 465 | — |
| No Stafford loan this year | 17 | — |
These figures turn the debt totals into a monthly repayment picture for Platt College - Los Angeles.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Platt College - Los Angeles is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.2% |
| Borrowers in the cohort | 464 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $14,874 |
| Middle income | $16,370 |
| High income | $14,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,013 |
| Continuing-generation students | $16,555 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,681 |
| Independent students | $17,903 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Platt College - Los Angeles.
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.