The chart below compares this college to the average 3-year default rate calculated across all of the 4-year schools we have data for.Ī student is considered to be in default on a student loan if they have not made a payment in more than 270 days. After three years, 8.2% of these students (99 out of 1,196) defaulted on their loans. You don't want to take out loans you can't pay back.Ī total of 1,196 Lee University students entered loan repayment in 2017. It can also indicate future earnings and career potential. Loan default rates can indicate how well Lee University is helping students afford to attend college without undue reliance on loans, particularly unsubsidized loans. The Default Rate on Student Loans is Decreasing Is the debt worth it? Research return on investment. Were you surprised by how much you are projected to owe by the time you graduate? Remember this is an average: some students will borrow more than this. These numbers are based on borrowing the same amount each year and do not include any loans where the parent is the borrower, even though Parent PLUS loans are frequently included in financial aid packages. ![]() The fact that returning students borrow more than freshmen could indicate that the school front-loads financial aid packages, offering more aid to new students while expecting returning students to take on larger loans to continue their education.īorrowing the average amount will result in loans of $14,104 after two years and $28,208 after four. This amount is 28.3% higher than the $5,497 amount borrowed by freshmen. ![]() The Average Loan Amount for All Undergrads at Lee University is $7,052 Per Year.Ħ6.0% of all undergraduate students (including freshmen) at Lee University utilize federal student loans to help pay for their college education, averaging $7,052 per year.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |