Bryant & Stratton College - Online Average Student Loans & Loan Default Rates

Freshmen At Bryant & Stratton College - Online Take Out an Average of $6,662 in Loans in Their First Year

At Bryant & Stratton College - Online, 80.0% of incoming students take out a loan to help defray freshman year costs, averaging $6,662 a piece. This amount includes both private and federally-funded student loans.

The average federal loan is $6,662, which is 121.1% of the first-year borrowing cap of $5,500* for the typical first-year dependent student.

*Independent students and those with parents who do not qualify for PLUS loans have higher borrowing caps.

The Average Loan Amount for All Undergrads at Bryant & Stratton College - Online is $5,943 Per Year.

85.0% of all undergraduate students (including freshmen) at Bryant & Stratton College - Online utilize federal student loans to help pay for their college education, averaging $5,943 per year. This amount is 10.8% lower than the $6,662 amount borrowed by freshmen, indicating a decreasing reliance on student loans.

Borrowing the average amount will result in loans of $11,886 after two years and $23,772 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 Bryant & Stratton College - Online and compare it to the national average of 7.4%, but unfortunately, that information is not available to us.

Questions About Student Loan Debt

What is the average amount of student loan debt all students graduate with?

The class of 2016 graduated with an average of $37,172 in debt per student! The average student loan payment after graduation for all students is $351.

How and where do I get a student loan?

Students can either take out private or public loans. To receive a public, federal loan, you must fill out and submit the Free Application for Federal Student Aid (FAFSA). Federal loans tend to have better interest rates and repayment options, so it is recommended that most students start there.

What is the best student loan? What is a good loan interest rate?

The best student loan is a subsidized federal loan. Subsidized loans do not accrue interest until after you graduate with your degree. After that, an unsubsidized federal loan is probably best. For up-to-date interest rates on federal loans, see this resource.

How can I reduce the amount of student loan debt I need to take on?

The most important step in reducing student loan debt is to make a wise college decision. Students who graduate with the most debt tend to be those who change majors or transfer schools, which increases both the time and cost of completing a degree. Other ways of reducing debt include applying for scholarships, as well as federal aid.

Can I get my student loan debt forgiven?

Debt forgiveness is currently available for some public workers such as teachers in high-risk locations. Students can also apply to have their loans discharged if their school closes. Learn more about what options you have here.

What are the consequences of defaulting on a loan?

Defaulting on your student loan will do serious damage to your credit. The federal government also may decide to garnish your paycheck or even social security payments. Avoid loan default at all costs.

Student Loans & Loan Default Rates at Bryant & Stratton College - Online

Freshmen At Bryant & Stratton College - Online Take Out an Average of $6,662 in Loans in Their First Year

The Average Loan Amount for All Undergrads at Bryant & Stratton College - Online is $5,943 Per Year.

The Default Rate on Student Loans is Unavailable

Questions About Student Loan Debt

Additional College Factual Loan Debt Resources

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