by our College Data Analytics TeamHere you will find what students actually borrow to attend American Institute - Toms River— 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.
Among first-year students at American Institute - Toms River, 97% of freshmen borrow to help pay for their first year, for an average of $7,744 each — a figure that counts both private and federal student loans.
The average federal loan is $6,201. This is at or above the $5,500 first-year federal borrowing cap that applies to 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.
Among all degree-seeking undergrads at American Institute - Toms River, 93% take out federal student loans, for a typical $6,601 each per year. This is 6.5% larger than the $6,201 typical freshmen borrow.
At a steady annual pace, that totals around $13,202 by year two and around $26,404 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 | 93% |
| Average federal loan per year | $6,601 |
| Undergraduates with a federal loan | 629 |
| Total federal loans (one year) | $4,152,282 |
The median student at American Institute - Toms River borrows $9,304 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,304 |
| Students who completed (graduates) | $11,979 |
| Students who withdrew | $5,490 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at American Institute - Toms River.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,982 |
| 75th percentile | $11,206 |
| 90th percentile (highest-debt students) | $13,300 |
How wide this percentile range is tells you how much borrowing varies across students at American Institute - Toms River.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at American Institute - Toms River.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 237 | $6,383 |
| Completed (graduates) | 115 | $7,682 |
| Did not complete | 122 | $5,594 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $91.35/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 American Institute - Toms River.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 206 | $6,637 |
| No Stafford loan this year | 31 | $4,919 |
The indicators below describe what the typical debt costs to pay back at American Institute - Toms River.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for American Institute - Toms River appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.5% |
| Borrowers in the cohort | 759 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $8,521 |
| High income | $9,022 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,300 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,483 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for American Institute - Toms River.
Subsidized vs. 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?
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.