by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Roberto-Venn School of Luthiery: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Roberto-Venn School of Luthiery, 43% of incoming undergraduates borrow in year one, with a typical loan of $8,146 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $8,146. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Roberto-Venn School of Luthiery (freshmen included), 26% use federal student loans to help pay for their education, borrowing on average $7,936 per year. This is 2.6% lower than the freshman federal average of $8,146.
Carrying that yearly figure forward comes to roughly $15,872 after two years and $31,744 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 26% |
| Average federal loan per year | $7,936 |
| Undergraduates with a federal loan | 12 |
| Total federal loans (one year) | $95,235 |
Graduating and withdrawing students at Roberto-Venn School of Luthiery carry a median federal debt of $7,307 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,307 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Roberto-Venn School of Luthiery.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,230 |
| 75th percentile | $7,307 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Roberto-Venn School of Luthiery.
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 Roberto-Venn School of Luthiery is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.7% |
| Borrowers in the cohort | 37 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
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.