by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Lynnes Welding Training— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Lynnes Welding Training, 40% of incoming undergraduates borrow in year one, borrowing on average $3,452 each, across private and federal loan sources.
Federal loans alone average $3,452, which is 62.8% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Lynnes Welding Training, 36% rely on federal student loans toward their education, at an average of $3,513 per year. This works out to 1.8% above the first-year federal average of $3,452.
At a steady annual pace, that totals around $7,026 by year two and around $14,052 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 36% |
| Average federal loan per year | $3,513 |
| Undergraduates with a federal loan | 54 |
| Total federal loans (one year) | $189,700 |
The median student at Lynnes Welding Training borrows $3,385 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,385 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Lynnes Welding Training.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $2,538 |
| 75th percentile | $4,384 |
These figures turn the debt totals into a monthly repayment picture for Lynnes Welding Training.
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 | $4,384 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $3,385 |
| Continuing-generation students | $3,312 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $2,538 |
| Independent students | $4,384 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Lynnes Welding Training.
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.