by our College Data Analytics TeamHere you will find what students actually borrow to attend Laurel Business Institute, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at LBI, 84% of new students use loans toward freshman-year expenses, averaging $11,598 per borrower, covering both private and federal loans.
Federal loans alone average $10,795. This meets or exceeds the $5,500 cap on first-year federal borrowing 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.
Looking at all undergraduates at LBI, freshmen included, 73% take out federal student loans, averaging $10,592 in federal loans per year. That is 1.9% smaller than the $10,795 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $21,184 in two years and roughly $42,368 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 73% |
| Average federal loan per year | $10,592 |
| Undergraduates with a federal loan | 284 |
| Total federal loans (one year) | $3,008,150 |
The median student at LBI borrows $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $4,750 |
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 LBI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,927 |
| 25th percentile | $5,500 |
| 75th percentile | $13,673 |
| 90th percentile (highest-debt students) | $19,604 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at LBI.
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 LBI.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 60 | $7,881 |
The indicators below describe what the typical debt costs to pay back at LBI.
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 LBI follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.5% |
| Borrowers in the cohort | 191 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,750 |
| Middle income | $11,891 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,421 |
| Continuing-generation students | $11,282 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,679 |
| Independent students | $9,492 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at LBI.
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.
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.