by our College Data Analytics TeamHere you will find what students actually borrow to attend Lake Region State College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Lake Region State College, 46% of incoming undergraduates borrow in year one, borrowing on average $7,173 each, across private and federal loan sources.
The average federally funded loan is $4,963, or about 90.2% of the typical first-year dependent student borrowing cap of $5,500. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Lake Region State College, 37% use federal student loans to help pay for their education, at an average of $6,084 per year. It comes to 22.6% more than the $4,963 borrowed by freshmen.
Borrowing at that rate every year works out to about $12,168 over two years and about $24,336 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 37% |
| Average federal loan per year | $6,084 |
| Undergraduates with a federal loan | 242 |
| Total federal loans (one year) | $1,472,309 |
The median student at Lake Region State College borrows $7,475 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,475 |
| Students who completed (graduates) | $10,293 |
| Students who withdrew | $6,012 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Lake Region State College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,277 |
| 25th percentile | $3,559 |
| 75th percentile | $11,467 |
| 90th percentile (highest-debt students) | $17,500 |
How wide this percentile range is tells you how much borrowing varies across students at Lake Region State College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Lake Region State College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 60 | $13,291 |
Federal data lets us separate Stafford borrowers from the rest at Lake Region State College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 18 | — |
| No Stafford loan this year | 42 | — |
These figures turn the debt totals into a monthly repayment picture for Lake Region State College.
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 Lake Region State College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.8% |
| Borrowers in the cohort | 315 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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 | $8,250 |
| Middle income | $6,882 |
| High income | $6,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,320 |
| Continuing-generation students | $7,935 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,500 |
| Independent students | $8,769 |
Federal data publishes the following gap measures for Lake Region State College.
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.
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.