by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Bennett Career Institute— 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 Bennett Career Institute, 85% of freshmen borrow to help pay for their first year, averaging $4,186 each, across private and federal loan sources.
On the federal side, the average loan is $4,186, or about 76.1% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Bennett Career Institute, 67% finance part of their studies with federal loans, with a mean of $2,943 per year. This works out to 29.7% lower than the $4,186 borrowed by freshmen.
At a steady annual pace, that totals around $5,886 after two years and $11,772 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $2,943 |
| Undergraduates with a federal loan | 128 |
| Total federal loans (one year) | $376,707 |
The median student at Bennett Career Institute borrows $3,666 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,666 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $1,912 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Bennett Career Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,013 |
| 25th percentile | $2,750 |
| 75th percentile | $8,500 |
| 90th percentile (highest-debt students) | $10,800 |
How wide this percentile range is tells you how much borrowing varies across students at Bennett Career Institute.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Bennett Career Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 23 | $15,000 |
These figures turn the debt totals into a monthly repayment picture for Bennett Career Institute.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Bennett Career Institute follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 27.9% |
| Borrowers in the cohort | 93 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $3,586 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $3,506 |
Federal data publishes the following gap measures for Bennett Career Institute.
The Difference Between 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.
Worth Knowing
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.