by our College Data Analytics TeamBelow is federal data on the loans students use to pay for ICOHS College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Among first-year students at ICOHS, 44% of incoming students take out a loan to help cover first-year costs, for an average of $5,548 each, across private and federal loan sources.
The average federally funded loan is $5,548. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at ICOHS, freshmen included, 30% use federal student loans to help pay for their education, with a mean of $5,138 annually. This is 7.4% below the first-year federal average of $5,548.
Borrowing the same amount each year would add up to roughly $10,276 after two years and $20,552 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 30% |
| Average federal loan per year | $5,138 |
| Undergraduates with a federal loan | 99 |
| Total federal loans (one year) | $508,683 |
The middle borrower at ICOHS owes $6,650 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,650 |
| Students who completed (graduates) | $6,658 |
The indicators below describe what the typical debt costs to pay back at ICOHS.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,650 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at ICOHS.
Subsidized vs. 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.
Important to Remember
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.