by our College Data Analytics TeamHere you will find what students actually borrow to attend Ayers Career College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Ayers Career College, 98% of incoming undergraduates borrow in year one, averaging $9,545 per borrower, covering both private and federal loans.
The average federally funded loan is $7,741. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Ayers Career College (freshmen included), 93% rely on federal student loans toward their education, for a typical $7,745 in federal loans per year. That is 0.1% higher than the $7,741 freshmen take on.
Carrying that yearly figure forward comes to roughly $15,490 across two years and $30,980 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 | 93% |
| Average federal loan per year | $7,745 |
| Undergraduates with a federal loan | 289 |
| Total federal loans (one year) | $2,238,215 |
The median student at Ayers Career College borrows $8,772 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,772 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Ayers Career College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,248 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at Ayers Career College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Ayers Career College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 43 | $4,268 |
The indicators below describe what the typical debt costs to pay back at Ayers Career College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Ayers Career College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.6% |
| Borrowers in the cohort | 223 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,821 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Ayers Career College.
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
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.