by our College Data Analytics TeamHere you will find what students actually borrow to attend ATA College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at American Institute of Medical Technology, 87% of incoming students take out a loan to help cover first-year costs, for an average of $6,411 each, across private and federal loan sources.
Federal loans alone average $6,411. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at American Institute of Medical Technology, 86% take out federal student loans, at an average of $6,652 a year. It comes to 3.8% greater than the $6,411 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $13,304 by year two and around $26,608 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 | 86% |
| Average federal loan per year | $6,652 |
| Undergraduates with a federal loan | 153 |
| Total federal loans (one year) | $1,017,736 |
The median student at American Institute of Medical Technology borrows $15,069 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,069 |
| Students who completed (graduates) | $21,308 |
| Students who withdrew | $7,456 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for American Institute of Medical Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $7,948 |
| 75th percentile | $22,507 |
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at American Institute of Medical Technology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 19 | $9,875 |
Repayment burden translates the debt figures into what a borrower actually pays each month. American Institute of Medical Technology.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for American Institute of Medical Technology appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.3% |
| Borrowers in the cohort | 47 |
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 | $22,480 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,069 |
| Continuing-generation students | $15,666 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,481 |
| Independent students | $23,092 |
Federal data publishes the following gap measures for American Institute of Medical Technology.
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.
Did You Know?
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.