by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Ensign College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
For incoming students at LDS Business College, 2% of freshmen borrow to help pay for their first year, borrowing on average $3,088 per student, private and federal loans combined.
Federal loans alone average $2,987, which is 54.3% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at LDS Business College, freshmen included, 2% borrow through federal student loan programs, borrowing on average $2,921 in federal loans per year. This works out to 2.2% lower than the first-year federal average of $2,987.
Borrowing at that rate every year works out to about $5,842 across two years and $11,684 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 2% |
| Average federal loan per year | $2,921 |
| Undergraduates with a federal loan | 114 |
| Total federal loans (one year) | $333,047 |
The median student at LDS Business College borrows $3,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,500 |
| Students who withdrew | $3,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for LDS Business College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,546 |
| 25th percentile | $2,000 |
| 75th percentile | $7,000 |
| 90th percentile (highest-debt students) | $11,000 |
How wide this percentile range is tells you how much borrowing varies across students at LDS Business College.
Repayment burden translates the debt figures into what a borrower actually pays each month. LDS Business College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for LDS Business College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.9% |
| Borrowers in the cohort | 282 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $3,500 |
| Middle income | $3,500 |
| High income | $3,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $3,500 |
| Continuing-generation students | $3,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $3,919 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at LDS Business College.
Subsidized vs. 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.
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.