by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Abcott Institute— 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 Abcott Institute, 82% of freshmen borrow to help pay for their first year, with a typical loan of $6,029 each, across private and federal loan sources.
The typical federal loan comes to $6,029. This reaches or tops the $5,500 first-year federal borrowing cap 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.
Counting every undergraduate at Abcott Institute, 72% take out federal student loans, borrowing on average $6,429 annually. That amounts to 6.6% more than the $6,029 borrowed by freshmen.
At a steady annual pace, that totals around $12,858 by year two and around $25,716 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 72% |
| Average federal loan per year | $6,429 |
| Undergraduates with a federal loan | 234 |
| Total federal loans (one year) | $1,504,290 |
The middle borrower at Abcott Institute owes $8,708 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,708 |
| Students who completed (graduates) | $10,411 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Abcott Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,961 |
| 25th percentile | $3,728 |
| 75th percentile | $6,439 |
| 90th percentile (highest-debt students) | $6,439 |
How wide this percentile range is tells you how much borrowing varies across students at Abcott Institute.
Repayment burden translates the debt figures into what a borrower actually pays each month. Abcott Institute.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,708 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,271 |
| Independent students | $8,708 |
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.