by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Allen School - Jamaica— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Allen School - Jamaica specifically, 89% of first-year students take on loan debt, for an average of $6,781 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $6,781. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Allen School - Jamaica, 93% finance part of their studies with federal loans, averaging $8,174 annually. That amounts to 20.5% higher than the $6,781 typical freshmen borrow.
Repeating that yearly amount projects to about $16,348 across two years and $32,696 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 93% |
| Average federal loan per year | $8,174 |
| Undergraduates with a federal loan | 202 |
| Total federal loans (one year) | $1,651,185 |
The median student at Allen School - Jamaica borrows $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Allen School - Jamaica.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $11,565 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Allen School - Jamaica.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Allen School - Jamaica.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 252 | $5,737 |
| Completed (graduates) | 177 | $5,737 |
| Did not complete | 75 | $4,931 |
On a standard 10-year plan, the median completing borrower would pay about $68.22/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Allen School - Jamaica.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 233 | $5,737 |
| No Stafford loan this year | 19 | $4,000 |
The indicators below describe what the typical debt costs to pay back at Allen School - Jamaica.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Allen School - Jamaica follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.8% |
| Borrowers in the cohort | 1404 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $9,500 |
| Middle income | $6,247 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $8,343 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Allen School - Jamaica.
The Difference Between 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.
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.