by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Stellar Career College-Crown Point, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Stellar Career College-Crown Point, 78% of new students use loans toward freshman-year expenses, borrowing on average $6,658 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $6,658. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Stellar Career College-Crown Point, freshmen included, 73% rely on federal student loans toward their education, for a typical $6,648 a year. That is 0.2% under the $6,658 freshmen take on.
Carrying that yearly figure forward comes to roughly $13,296 by year two and around $26,592 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 73% |
| Average federal loan per year | $6,648 |
| Undergraduates with a federal loan | 117 |
| Total federal loans (one year) | $777,866 |
The median student at Stellar Career College-Crown Point borrows $4,688 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,688 |
| Students who completed (graduates) | $4,834 |
| Students who withdrew | $3,694 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The indicators below describe what the typical debt costs to pay back at Stellar Career College-Crown Point.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Stellar Career College-Crown Point follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.4% |
| Borrowers in the cohort | 59 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $4,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,278 |
| Independent students | $4,750 |
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.
Worth Knowing
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.