by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Stacey James Institute— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Stacey James Institute, 51% of new students use loans toward freshman-year expenses, averaging $5,581 each, across private and federal loan sources.
The typical federal loan comes to $5,581. 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.
Among all degree-seeking undergrads at Stacey James Institute, 47% finance part of their studies with federal loans, at an average of $7,155 in federal loans per year. This works out to 28.2% higher than the $5,581 typical freshmen borrow.
Repeating that yearly amount projects to about $14,310 across two years and $28,620 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 47% |
| Average federal loan per year | $7,155 |
| Undergraduates with a federal loan | 66 |
| Total federal loans (one year) | $472,239 |
The middle borrower at Stacey James Institute owes $6,333 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Stacey James Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 21 | $10,577 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Stacey James Institute.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $3,945 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
Federal data publishes the following gap measures for Stacey James Institute.
The Difference Between 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.
Important to Remember
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.