by our College Data Analytics TeamHere you will find what students actually borrow to attend Regan Career Institute: 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 RCI specifically, 100% of incoming undergraduates borrow in year one, with a typical loan of $4,552 per student, private and federal loans combined.
The average federal loan is $4,552, amounting to 82.8% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at RCI, 58% borrow through federal student loan programs, for a typical $6,204 annually. It comes to 36.3% more than the freshman federal average of $4,552.
At a steady annual pace, that totals around $12,408 over two years and about $24,816 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 58% |
| Average federal loan per year | $6,204 |
| Undergraduates with a federal loan | 46 |
| Total federal loans (one year) | $285,383 |
The median student at RCI borrows $5,029 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,029 |
These figures turn the debt totals into a monthly repayment picture for RCI.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,029 |
| Independent students | $5,077 |
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.
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.