by our College Data Analytics TeamHere you will find what students actually borrow to attend L’esprit Academy: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at L’esprit Academy, 56% of freshmen borrow to help pay for their first year, averaging $3,978 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $3,978, representing 72.3% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at L’esprit Academy, 59% borrow through federal student loan programs, for a typical $6,066 each per year. That amounts to 52.5% higher than the first-year federal average of $3,978.
Borrowing at that rate every year works out to about $12,132 across two years and $24,264 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $6,066 |
| Undergraduates with a federal loan | 265 |
| Total federal loans (one year) | $1,607,560 |
The middle borrower at L’esprit Academy owes $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,516 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for L’esprit Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,298 |
| 75th percentile | $9,833 |
| 90th percentile (highest-debt students) | $12,512 |
How wide this percentile range is tells you how much borrowing varies across students at L’esprit Academy.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for L’esprit Academy.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 26 | $6,497 |
The indicators below describe what the typical debt costs to pay back at L’esprit Academy.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for L’esprit Academy follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.6% |
| Borrowers in the cohort | 48 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $6,333 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
Federal data publishes the following gap measures for L’esprit Academy.
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.
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.