by our College Data Analytics TeamHere you will find what students actually borrow to attend Access Careers Islandia— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Access Careers Islandia specifically, 42% of incoming undergraduates borrow in year one, borrowing on average $7,108 each, across private and federal loan sources.
The average federally funded loan is $7,108. 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.
Across the full undergraduate body at Access Careers Islandia (freshmen included), 2% rely on federal student loans toward their education, borrowing on average $7,108 annually.
At a steady annual pace, that totals around $14,216 by year two and around $28,432 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 | 2% |
| Average federal loan per year | $7,108 |
| Undergraduates with a federal loan | 10 |
| Total federal loans (one year) | $71,082 |
The middle borrower at Access Careers Islandia owes $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $5,500 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Access Careers Islandia.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,176 |
| 75th percentile | $6,452 |
The indicators below describe what the typical debt costs to pay back at Access Careers Islandia.
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 | $5,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $6,269 |
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.
Important to Remember
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.