by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Paier College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Graduating and withdrawing students at Paier College of Art Inc carry a median federal debt of $8,935 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,935 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Paier College of Art Inc.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $9,500 |
| 75th percentile | $27,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Paier College of Art Inc.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Paier College of Art Inc appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.1% |
| Borrowers in the cohort | 65 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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.
Did You Know?
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.