by our College Data Analytics TeamHere you will find what students actually borrow to attend Academy of Interactive Entertainment: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At AIE - Lafayette specifically, 50% of incoming undergraduates borrow in year one, borrowing on average $6,667 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $5,079, which is 92.3% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at AIE - Lafayette, 54% use federal student loans to help pay for their education, with a mean of $4,706 a year. This is 7.3% less than the first-year federal average of $5,079.
At a steady annual pace, that totals around $9,412 in two years and roughly $18,824 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 54% |
| Average federal loan per year | $4,706 |
| Undergraduates with a federal loan | 61 |
| Total federal loans (one year) | $287,059 |
Graduating and withdrawing students at AIE - Lafayette carry a median federal debt of $11,803 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,803 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $5,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for AIE - Lafayette.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,056 |
| 75th percentile | $10,556 |
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for AIE - Lafayette.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 29 | $12,363 |
The indicators below describe what the typical debt costs to pay back at AIE - Lafayette.
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 | $11,803 |
| Middle income | $11,803 |
| High income | $11,722 |
Federal data publishes the following gap measures for AIE - Lafayette.
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.