by our College Data Analytics TeamHere you will find what students actually borrow to attend Premiere Career College— 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 Premiere Career College, 54% of incoming undergraduates borrow in year one, for an average of $7,601 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,601. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Premiere Career College, 61% use federal student loans to help pay for their education, for a typical $7,577 in federal loans per year. This works out to 0.3% lower than the $7,601 freshmen take on.
Repeating that yearly amount projects to about $15,154 across two years and $30,308 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $7,577 |
| Undergraduates with a federal loan | 110 |
| Total federal loans (one year) | $833,515 |
The median student at Premiere Career College borrows $13,818 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,818 |
| Students who completed (graduates) | $15,188 |
| Students who withdrew | $4,213 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Premiere Career College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,341 |
| 75th percentile | $15,188 |
| 90th percentile (highest-debt students) | $20,000 |
How wide this percentile range is tells you how much borrowing varies across students at Premiere Career College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Premiere Career College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 69 | $5,473 |
The indicators below describe what the typical debt costs to pay back at Premiere Career College.
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 Premiere Career College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.2% |
| Borrowers in the cohort | 333 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,188 |
| Middle income | $12,000 |
| High income | $10,278 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,313 |
| Independent students | $18,320 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Premiere Career College.
Subsidized and 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?
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.