by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Fortis Institute - Lawrenceville: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At Fortis Institute - Lawrenceville specifically, 94% of new students use loans toward freshman-year expenses, with a typical loan of $7,143 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $6,957. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Counting every undergraduate at Fortis Institute - Lawrenceville, 75% borrow through federal student loan programs, borrowing on average $6,201 per year. This works out to 10.9% lower than the $6,957 typical freshmen borrow.
Borrowing at that rate every year works out to about $12,402 over two years and about $24,804 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 75% |
| Average federal loan per year | $6,201 |
| Undergraduates with a federal loan | 412 |
| Total federal loans (one year) | $2,554,707 |
Graduating and withdrawing students at Fortis Institute - Lawrenceville carry a median federal debt of $9,100 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,100 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Fortis Institute - Lawrenceville.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,668 |
| 25th percentile | $6,235 |
| 75th percentile | $11,250 |
| 90th percentile (highest-debt students) | $13,063 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Fortis Institute - Lawrenceville.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Fortis Institute - Lawrenceville.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 515 | $5,570 |
| Completed (graduates) | 346 | $6,472 |
| Did not complete | 169 | $3,528 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $76.96/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Fortis Institute - Lawrenceville.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 499 | — |
| No Stafford loan | 16 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 487 | $5,722 |
| No Stafford loan this year | 28 | $2,289 |
The indicators below describe what the typical debt costs to pay back at Fortis Institute - Lawrenceville.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Fortis Institute - Lawrenceville is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.6% |
| Borrowers in the cohort | 545 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,332 |
| Middle income | $8,233 |
| High income | $7,214 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,015 |
| Continuing-generation students | $9,500 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,215 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Fortis Institute - Lawrenceville.
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.
Did You Know?
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.