by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Circle in the Square Theatre School— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Looking at the entering class at Circle in the Square Theatre School, 33% of new students use loans toward freshman-year expenses, at roughly $3,464 per student, private and federal loans combined.
The average federal loan is $3,464, representing 63.0% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Circle in the Square Theatre School, 48% take out federal student loans, for a typical $7,024 each per year. This is 102.8% above the $3,464 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $14,048 across two years and $28,096 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 | 48% |
| Average federal loan per year | $7,024 |
| Undergraduates with a federal loan | 24 |
| Total federal loans (one year) | $168,570 |
Graduating and withdrawing students at Circle in the Square Theatre School carry a median federal debt of $20,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $20,000 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Circle in the Square Theatre School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $15,647 |
The indicators below describe what the typical debt costs to pay back at Circle in the Square Theatre School.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Circle in the Square Theatre School follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.2% |
| Borrowers in the cohort | 32 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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.