by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Remington College-Lafayette Campus: 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 Remington College - Lafayette Campus, 81% of first-year students take on loan debt, averaging $7,712 per borrower, covering both private and federal loans.
The typical federal loan comes to $7,722. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Remington College - Lafayette Campus, 53% borrow through federal student loan programs, averaging $7,416 each per year. That amounts to 4.0% less than the $7,722 typical freshmen borrow.
At a steady annual pace, that totals around $14,832 in two years and roughly $29,664 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 53% |
| Average federal loan per year | $7,416 |
| Undergraduates with a federal loan | 131 |
| Total federal loans (one year) | $971,491 |
The middle borrower at Remington College - Lafayette Campus owes $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $13,271 |
| Students who withdrew | $5,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Remington College - Lafayette Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $4,923 |
| 75th percentile | $14,120 |
| 90th percentile (highest-debt students) | $20,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Remington College - Lafayette Campus.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Remington College - Lafayette Campus.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 803 | $4,996 |
| Completed (graduates) | 537 | $5,950 |
| Did not complete | 266 | $4,021 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $70.75/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Remington College - Lafayette Campus.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 785 | — |
| No Stafford loan | 18 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 761 | $5,131 |
| No Stafford loan this year | 42 | $2,331 |
These figures turn the debt totals into a monthly repayment picture for Remington College - Lafayette Campus.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Remington College - Lafayette Campus appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.7% |
| Borrowers in the cohort | 9947 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $9,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Remington College - Lafayette Campus.
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
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.