American Medical Academy Loan Debt & Loan Default Rates

How does student loan debt and default rates at American Medical Academy compare to the national average, and how could this impact your future? Scroll down the page for answers.

Included in This Report:

• Average Loans for Freshman
• Average Undergraduate Loans
• Default Rate at American Medical Academy
• Frequently Asked Questions
• Additonal Information

Freshmen At American Medical Academy Take Out an Average of $7,900 in Loans in Their First Year

At American Medical Academy, 6.0% of incoming students take out a loan to help defray freshman year costs, averaging $7,900 a piece. This amount includes both private and federally-funded student loans.

The average federal loan is $7,900, which is 143.6% of the first-year borrowing cap of $5,500* for the typical first-year dependent student.

The Average Loan Amount for All Undergrads at American Medical Academy is $7,785 Per Year.

32.0% of all undergraduate students (including freshmen) at American Medical Academy utilize federal student loans to help pay for their college education, averaging $7,785 per year. This amount is 1.5% lower than the $7,900 amount borrowed by freshmen, indicating a decreasing reliance on student loans.

Borrowing the average amount will result in loans of $15,570 after two years and $31,140 after four.

These numbers are based on borrowing the same amount each year and do not include any loans where the parent is the borrower, even though Parent PLUS loans are frequently included in financial aid packages.

Were you surprised by how much you are projected to owe by the time you graduate? Remember this is an average: some students will borrow more than this.

Is the debt worth it? Research return on investment.

The Default Rate on Student Loans is Unavailable

We were planning to provide you with the loan default rate at American Medical Academy and compare it to the national average of 9.3%, but unfortunately, that information is not available to us.