by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Allen College: 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.
For undergraduates overall at Allen College, 68% take out federal student loans, borrowing on average $7,566 each per year.
Carrying that yearly figure forward comes to roughly $15,132 in two years and roughly $30,264 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $7,566 |
| Undergraduates with a federal loan | 191 |
| Total federal loans (one year) | $1,445,149 |
Graduating and withdrawing students at Allen College carry a median federal debt of $15,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,000 |
| Students who completed (graduates) | $18,750 |
| Students who withdrew | $14,966 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Allen College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,150 |
| 25th percentile | $9,500 |
| 75th percentile | $21,233 |
| 90th percentile (highest-debt students) | $28,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Allen College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Allen College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 118 | $17,161 |
| Completed (graduates) | 19 | $25,900 |
| Did not complete | 99 | $15,184 |
On a standard 10-year plan, the median completing borrower would pay about $307.98/mo.
These figures turn the debt totals into a monthly repayment picture for Allen College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Allen College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.6% |
| Borrowers in the cohort | 186 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $16,460 |
| High income | $15,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,000 |
| Continuing-generation students | $15,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,981 |
| Independent students | $20,834 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Allen College.
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
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.