by our College Data Analytics TeamThis page focuses on the debt students take on to attend Caris 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 Caris College, 81% of incoming students take out a loan to help cover first-year costs, for an average of $7,137 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $7,108. 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.
Among all degree-seeking undergrads at Caris College, 70% take out federal student loans, at an average of $7,138 each per year. That is 0.4% greater than the $7,108 typical freshmen borrow.
Repeating that yearly amount projects to about $14,276 by year two and around $28,552 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 | 70% |
| Average federal loan per year | $7,138 |
| Undergraduates with a federal loan | 191 |
| Total federal loans (one year) | $1,363,424 |
The median student at Caris College borrows $8,708 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,708 |
| Students who completed (graduates) | $8,708 |
| Students who withdrew | $4,589 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The indicators below describe what the typical debt costs to pay back at Caris College.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,708 |
| Middle income | $8,599 |
| High income | $6,683 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,708 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Caris 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.