by our College Data Analytics TeamHere you will find what students actually borrow to attend United Education Institute-Stone Mountain, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At United Education Institute-Stone Mountain specifically, 100% of first-year students take on loan debt, for an average of $10,273 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $7,597. 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.
For undergraduates overall at United Education Institute-Stone Mountain, 85% use federal student loans to help pay for their education, at an average of $7,080 in federal loans per year. It comes to 6.8% smaller than the $7,597 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $14,160 over two years and about $28,320 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 85% |
| Average federal loan per year | $7,080 |
| Undergraduates with a federal loan | 1,204 |
| Total federal loans (one year) | $8,524,212 |
Graduating and withdrawing students at United Education Institute-Stone Mountain carry a median federal debt of $9,445 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,445 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,723 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for United Education Institute-Stone Mountain.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,975 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at United Education Institute-Stone Mountain.
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 United Education Institute-Stone Mountain.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 378 | $7,739 |
| Completed (graduates) | 314 | $7,843 |
| Did not complete | 64 | $3,856 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $93.26/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at United Education Institute-Stone Mountain.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 363 | — |
| No Stafford loan | 15 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 355 | $7,740 |
| No Stafford loan this year | 23 | $2,665 |
Repayment burden translates the debt figures into what a borrower actually pays each month. United Education Institute-Stone Mountain.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for United Education Institute-Stone Mountain is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.5% |
| Borrowers in the cohort | 155 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,445 |
| Middle income | $9,073 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,445 |
| Continuing-generation students | $9,201 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at United Education Institute-Stone Mountain.
Subsidized vs. 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.
Worth Knowing
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.