by our College Data Analytics TeamHere you will find what students actually borrow to attend Omega Studios’ School of Applied Recording Arts & Sciences: 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.
At Omega Studios’ School of Applied Recording Arts & Sciences specifically, 67% of new students use loans toward freshman-year expenses, averaging $11,796 each, across private and federal loan sources.
Federal loans alone average $9,679. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Omega Studios’ School of Applied Recording Arts & Sciences (freshmen included), 40% borrow through federal student loan programs, with a mean of $8,492 a year. That amounts to 12.3% below the $9,679 typical freshmen borrow.
Borrowing at that rate every year works out to about $16,984 in two years and roughly $33,968 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 40% |
| Average federal loan per year | $8,492 |
| Undergraduates with a federal loan | 40 |
| Total federal loans (one year) | $339,675 |
Graduating and withdrawing students at Omega Studios’ School of Applied Recording Arts & Sciences carry a median federal debt of $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $5,500 |
| Students who withdrew | $3,786 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Omega Studios’ School of Applied Recording Arts & Sciences.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,584 |
| 75th percentile | $7,917 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Omega Studios’ School of Applied Recording Arts & Sciences.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Omega Studios’ School of Applied Recording Arts & Sciences.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 52 | $24,102 |
The indicators below describe what the typical debt costs to pay back at Omega Studios’ School of Applied Recording Arts & Sciences.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Omega Studios’ School of Applied Recording Arts & Sciences follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.6% |
| Borrowers in the cohort | 30 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,500 |
| High income | $4,656 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,656 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,584 |
| Independent students | $8,043 |
Federal data publishes the following gap measures for Omega Studios’ School of Applied Recording Arts & Sciences.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.