by our College Data Analytics TeamThis page focuses on the debt students take on to attend Laurus College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Laurus College, 36% of first-year students take on loan debt, with a typical loan of $9,101 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $9,101. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. 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 Laurus College, 65% take out federal student loans, borrowing on average $5,852 in federal loans per year. This is 35.7% below the $9,101 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $11,704 in two years and roughly $23,408 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $5,852 |
| Undergraduates with a federal loan | 681 |
| Total federal loans (one year) | $3,985,120 |
The median student at Laurus College borrows $18,334 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $18,334 |
| Students who completed (graduates) | $32,416 |
| Students who withdrew | $15,501 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Laurus College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,500 |
| 75th percentile | $32,001 |
| 90th percentile (highest-debt students) | $39,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Laurus 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 Laurus College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 21 | $4,941 |
The indicators below describe what the typical debt costs to pay back at Laurus 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 Laurus College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.4% |
| Borrowers in the cohort | 106 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,500 |
| Middle income | $19,000 |
| High income | $12,834 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,719 |
| Continuing-generation students | $19,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,000 |
| Independent students | $19,000 |
Federal data publishes the following gap measures for Laurus College.
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.