by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Augusta School of Massage: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At Augusta School of Massage specifically, 71% of freshmen borrow to help pay for their first year, at roughly $5,483 per borrower, covering both private and federal loans.
The average federal loan is $5,483, equal to roughly 99.7% of the typical first-year dependent student borrowing cap of $5,500. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Augusta School of Massage, freshmen included, 65% rely on federal student loans toward their education, at an average of $5,348 a year. This works out to 2.5% below the freshman federal average of $5,483.
Borrowing the same amount each year would add up to roughly $10,696 by year two and around $21,392 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $5,348 |
| Undergraduates with a federal loan | 43 |
| Total federal loans (one year) | $229,946 |
Graduating and withdrawing students at Augusta School of Massage carry a median federal debt of $4,701 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,701 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Augusta School of Massage.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,666 |
| 75th percentile | $6,333 |
The indicators below describe what the typical debt costs to pay back at Augusta School of Massage.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Augusta School of Massage follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.7% |
| Borrowers in the cohort | 38 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.
Did You Know?
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.