by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Praxis Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
For incoming students at Praxis Institute, 86% of incoming undergraduates borrow in year one, for an average of $3,895 each — a figure that counts both private and federal student loans.
The average federally funded loan is $3,895, representing 70.8% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Praxis Institute, 77% finance part of their studies with federal loans, for a typical $3,710 annually. That is 4.7% below the freshman federal average of $3,895.
Borrowing the same amount each year would add up to roughly $7,420 across two years and $14,840 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 77% |
| Average federal loan per year | $3,710 |
| Undergraduates with a federal loan | 359 |
| Total federal loans (one year) | $1,331,931 |
The middle borrower at Praxis Institute owes $8,805 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,805 |
| Students who completed (graduates) | $8,905 |
| Students who withdrew | $4,491 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Praxis Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $8,085 |
| 75th percentile | $9,500 |
| 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 Praxis Institute.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Praxis Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 90 | $5,705 |
| Completed (graduates) | 60 | $5,757 |
| Did not complete | 30 | $5,705 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $68.46/mo.
These figures turn the debt totals into a monthly repayment picture for Praxis Institute.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Praxis Institute follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.9% |
| Borrowers in the cohort | 570 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,805 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,805 |
| Continuing-generation students | $8,855 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,500 |
| Independent students | $8,805 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Praxis Institute.
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.