by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Advanced Career Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
Looking at the entering class at Advanced Career Institute, 28% of incoming students take out a loan to help cover first-year costs, borrowing on average $6,480 per student, private and federal loans combined.
The average federal loan is $6,474. 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.
For undergraduates overall at Advanced Career Institute, 23% use federal student loans to help pay for their education, averaging $6,659 in federal loans per year. It comes to 2.9% greater than the $6,474 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $13,318 by year two and around $26,636 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 23% |
| Average federal loan per year | $6,659 |
| Undergraduates with a federal loan | 395 |
| Total federal loans (one year) | $2,630,303 |
The middle borrower at Advanced Career Institute owes $6,229 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,229 |
| Students who completed (graduates) | $6,331 |
| Students who withdrew | $3,714 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Advanced Career Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,122 |
| 25th percentile | $4,012 |
| 75th percentile | $6,333 |
| 90th percentile (highest-debt students) | $8,023 |
How wide this percentile range is tells you how much borrowing varies across students at Advanced Career Institute.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Advanced Career Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 88 | $3,920 |
These figures turn the debt totals into a monthly repayment picture for Advanced Career Institute.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,229 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,229 |
| Continuing-generation students | $6,229 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,645 |
| Independent students | $6,331 |
Federal data publishes the following gap measures for Advanced Career Institute.
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.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.