by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Neighborhood Playhouse School of the Theater— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
For incoming students at Neighborhood Playhouse School, 40% of first-year students take on loan debt, for an average of $11,748 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $5,444, representing 99.0% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Neighborhood Playhouse School, freshmen included, 45% rely on federal student loans toward their education, at an average of $11,167 in federal loans per year. This works out to 105.1% more than the freshman federal average of $5,444.
Carrying that yearly figure forward comes to roughly $22,334 after two years and $44,668 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 45% |
| Average federal loan per year | $11,167 |
| Undergraduates with a federal loan | 32 |
| Total federal loans (one year) | $357,331 |
Graduating and withdrawing students at Neighborhood Playhouse School carry a median federal debt of $12,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Neighborhood Playhouse School.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Neighborhood Playhouse School follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.0% |
| Borrowers in the cohort | 16 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Subsidized vs. 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.
Important to Remember
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.