by our College Data Analytics TeamHere you will find what students actually borrow to attend Lane College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Lane College specifically, 69% of new students use loans toward freshman-year expenses, averaging $10,681 per borrower, covering both private and federal loans.
On the federal side, the average loan is $10,681. 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.
Across the full undergraduate body at Lane College (freshmen included), 67% finance part of their studies with federal loans, averaging $3,745 in federal loans per year. That is 64.9% below the $10,681 borrowed by freshmen.
Repeating that yearly amount projects to about $7,490 over two years and about $14,980 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $3,745 |
| Undergraduates with a federal loan | 549 |
| Total federal loans (one year) | $2,055,957 |
The middle borrower at Lane College owes $16,750 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,750 |
| Students who completed (graduates) | $30,500 |
| Students who withdrew | $14,250 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Lane College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,700 |
| 25th percentile | $6,000 |
| 75th percentile | $35,000 |
| 90th percentile (highest-debt students) | $45,897 |
How wide this percentile range is tells you how much borrowing varies across students at Lane College.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Lane College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 227 | $8,313 |
| Completed (graduates) | 41 | $8,945 |
| Did not complete | 186 | $8,306 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $106.37/mo.
These figures turn the debt totals into a monthly repayment picture for Lane College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Lane College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.8% |
| Borrowers in the cohort | 806 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $17,750 |
| Middle income | $13,125 |
| High income | $16,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $16,000 |
| Continuing-generation students | $19,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,500 |
| Independent students | $17,682 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Lane College.
The Difference Between 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?
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.