by our College Data Analytics TeamBelow is federal data on the loans students use to pay for International Business College-Indianapolis— 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.
Among first-year students at International Business College - Indianapolis, 97% of new students use loans toward freshman-year expenses, for an average of $6,306 per borrower, covering both private and federal loans.
The average federal loan is $6,137. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at International Business College - Indianapolis, 83% use federal student loans to help pay for their education, averaging $5,879 a year. That is 4.2% less than the freshman federal average of $6,137.
At a steady annual pace, that totals around $11,758 across two years and $23,516 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 83% |
| Average federal loan per year | $5,879 |
| Undergraduates with a federal loan | 121 |
| Total federal loans (one year) | $711,371 |
The middle borrower at International Business College - Indianapolis owes $11,059 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,059 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $3,621 |
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 International Business College - Indianapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $6,874 |
| 75th percentile | $14,228 |
| 90th percentile (highest-debt students) | $23,424 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at International Business College - Indianapolis.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for International Business College - Indianapolis.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 219 | $16,223 |
| Completed (graduates) | 168 | $20,237 |
| Did not complete | 51 | $6,448 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $240.64/mo.
Federal data lets us separate Stafford borrowers from the rest at International Business College - Indianapolis.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 209 | — |
| No Stafford loan | 10 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 207 | — |
| No Stafford loan this year | 12 | — |
These figures turn the debt totals into a monthly repayment picture for International Business College - Indianapolis.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for International Business College - Indianapolis is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.7% |
| Borrowers in the cohort | 630 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $10,769 |
| High income | $13,174 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,788 |
| Continuing-generation students | $11,999 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,874 |
| Independent students | $11,899 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at International Business College - Indianapolis.
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
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.