by our College Data Analytics TeamHere you will find what students actually borrow to attend Mind Body Institute— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Mind Body Institute, 47% of first-year students take on loan debt, averaging $6,872 each, across private and federal loan sources.
The typical federal loan comes to $6,872. 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 Mind Body Institute, freshmen included, 43% take out federal student loans, for a typical $6,737 annually. This works out to 2.0% less than the $6,872 typical freshmen borrow.
At a steady annual pace, that totals around $13,474 after two years and $26,948 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $6,737 |
| Undergraduates with a federal loan | 34 |
| Total federal loans (one year) | $229,059 |
The middle borrower at Mind Body Institute owes $7,389 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,389 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Mind Body Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,279 |
| 75th percentile | $7,389 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Mind Body Institute.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Middle income | $7,389 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Mind Body Institute.
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
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.