by our College Data Analytics TeamHere you will find what students actually borrow to attend Hamrick School— 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.
Looking at the entering class at Hamrick School, 64% of freshmen borrow to help pay for their first year, averaging $4,445 per borrower, covering both private and federal loans.
On the federal side, the average loan is $5,513. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
For undergraduates overall at Hamrick School, 19% borrow through federal student loan programs, with a mean of $5,513 in federal loans per year.
Borrowing the same amount each year would add up to roughly $11,026 over two years and about $22,052 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 | 19% |
| Average federal loan per year | $5,513 |
| Undergraduates with a federal loan | 46 |
| Total federal loans (one year) | $253,598 |
The median student at Hamrick School borrows $5,481 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,481 |
| Students who completed (graduates) | $5,481 |
| Students who withdrew | $2,741 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Hamrick School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,741 |
| 25th percentile | $5,481 |
| 75th percentile | $6,333 |
| 90th percentile (highest-debt students) | $6,333 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Hamrick School.
The indicators below describe what the typical debt costs to pay back at Hamrick School.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Hamrick School appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 17.9% |
| Borrowers in the cohort | 201 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,481 |
The Difference Between 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.
Worth Knowing
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.