by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Abraham Lincoln University, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Abraham Lincoln University, 100% of incoming students take out a loan to help cover first-year costs, averaging $10,667 per student, private and federal loans combined.
On the federal side, the average loan is $10,667. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Abraham Lincoln University, 60% take out federal student loans, for a typical $11,346 per year. That is 6.4% higher than the freshman federal average of $10,667.
Repeating that yearly amount projects to about $22,692 across two years and $45,384 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $11,346 |
| Undergraduates with a federal loan | 27 |
| Total federal loans (one year) | $306,351 |
The median student at Abraham Lincoln University borrows $8,984 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,984 |
The indicators below describe what the typical debt costs to pay back at Abraham Lincoln University.
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.
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.