by our College Data Analytics TeamHere you will find what students actually borrow to attend Advantage Career Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Advantage Career Institute, 45% of new students use loans toward freshman-year expenses, for an average of $5,819 per student, private and federal loans combined.
The average federal loan is $4,982, amounting to 90.6% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Advantage Career Institute, 39% finance part of their studies with federal loans, averaging $4,436 a year. This is 11.0% lower than the $4,982 freshmen take on.
Carrying that yearly figure forward comes to roughly $8,872 by year two and around $17,744 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $4,436 |
| Undergraduates with a federal loan | 122 |
| Total federal loans (one year) | $541,158 |
Graduating and withdrawing students at Advantage Career Institute carry a median federal debt of $4,856 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,856 |
| Students who completed (graduates) | $4,856 |
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Advantage Career Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 23 | $6,307 |
These figures turn the debt totals into a monthly repayment picture for Advantage Career Institute.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $4,856 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $2,811 |
| Independent students | $4,856 |
Federal data publishes the following gap measures for Advantage Career Institute.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.