by our College Data Analytics TeamBelow is federal data on the loans students use to pay for The Fab School— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At The Fab School, 34% of incoming students take out a loan to help cover first-year costs, with a typical loan of $5,265 per student, private and federal loans combined.
On the federal side, the average loan is $5,265, equal to roughly 95.7% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at The Fab School, 27% rely on federal student loans toward their education, with a mean of $5,241 per year. This is 0.5% under the $5,265 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $10,482 after two years and $20,964 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 27% |
| Average federal loan per year | $5,241 |
| Undergraduates with a federal loan | 79 |
| Total federal loans (one year) | $414,045 |
Graduating and withdrawing students at The Fab School carry a median federal debt of $4,449 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,449 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for The Fab School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,203 |
| 25th percentile | $3,666 |
| 75th percentile | $5,456 |
| 90th percentile (highest-debt students) | $6,333 |
How wide this percentile range is tells you how much borrowing varies across students at The Fab School.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for The Fab School.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 108 | $27,193 |
Repayment burden translates the debt figures into what a borrower actually pays each month. The Fab School.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,077 |
| Middle income | $4,449 |
| High income | $4,449 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $4,449 |
| Continuing-generation students | $4,449 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,449 |
| Independent students | $6,913 |
Federal data publishes the following gap measures for The Fab School.
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.
Important to Remember
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.