by our College Data Analytics TeamThis page focuses on the debt students take on to attend American College of the Building Arts— 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 American College of the Building Arts, 36% of incoming students take out a loan to help cover first-year costs, at roughly $5,774 per borrower, covering both private and federal loans.
The typical federal loan comes to $5,774. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at American College of the Building Arts (freshmen included), 39% finance part of their studies with federal loans, borrowing on average $9,921 per year. That amounts to 71.8% greater than the $5,774 freshmen take on.
Borrowing at that rate every year works out to about $19,842 over two years and about $39,684 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $9,921 |
| Undergraduates with a federal loan | 55 |
| Total federal loans (one year) | $545,674 |
The median student at American College of the Building Arts borrows $10,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,500 |
| Students who completed (graduates) | $12,500 |
The indicators below describe what the typical debt costs to pay back at American College of the Building Arts.
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
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.