by our College Data Analytics TeamThis page focuses on the debt students take on to attend Alexander Academy— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Alexander Academy, 100% of incoming students take out a loan to help cover first-year costs, with a typical loan of $4,672 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $4,672, representing 84.9% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Alexander Academy, freshmen included, 91% rely on federal student loans toward their education, averaging $3,224 each per year. It comes to 31.0% under the $4,672 freshmen take on.
At a steady annual pace, that totals around $6,448 in two years and roughly $12,896 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 | 91% |
| Average federal loan per year | $3,224 |
| Undergraduates with a federal loan | 48 |
| Total federal loans (one year) | $154,772 |
Graduating and withdrawing students at Alexander Academy carry a median federal debt of $7,358 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,358 |
| Students who completed (graduates) | $9,500 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Alexander Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $8,800 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Alexander Academy.
Borrowing varies by family income, by first-generation status, and by dependency status.
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Alexander Academy.
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.
Important to Remember
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.