by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Apex Technical 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 Apex Technical School specifically, 49% of incoming students take out a loan to help cover first-year costs, at roughly $7,532 each — a figure that counts both private and federal student loans.
Federal loans alone average $7,107. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Apex Technical School, 53% take out federal student loans, at an average of $6,911 a year. That amounts to 2.8% lower than the $7,107 freshmen take on.
Borrowing at that rate every year works out to about $13,822 by year two and around $27,644 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 53% |
| Average federal loan per year | $6,911 |
| Undergraduates with a federal loan | 1,256 |
| Total federal loans (one year) | $8,679,731 |
The median student at Apex Technical School borrows $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Apex Technical School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 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 Apex Technical School.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Apex Technical School.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 340 | $6,532 |
| Completed (graduates) | 236 | $7,982 |
| Did not complete | 104 | $5,682 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $94.91/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Apex Technical School.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 325 | — |
| No Stafford loan this year | 15 | — |
These figures turn the debt totals into a monthly repayment picture for Apex Technical School.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Apex Technical School is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.4% |
| Borrowers in the cohort | 1566 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Apex Technical 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
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.