by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Aviation Institute of Maintenance - Charlotte, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Aviation Institute of Maintenance - Charlotte, 92% of incoming students take out a loan to help cover first-year costs, averaging $8,052 per student, private and federal loans combined.
The typical federal loan comes to $7,559. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Aviation Institute of Maintenance - Charlotte, 74% take out federal student loans, averaging $10,635 a year. This works out to 40.7% above the $7,559 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $21,270 by year two and around $42,540 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 74% |
| Average federal loan per year | $10,635 |
| Undergraduates with a federal loan | 156 |
| Total federal loans (one year) | $1,659,043 |
The median student at Aviation Institute of Maintenance - Charlotte borrows $12,663 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,663 |
| Students who completed (graduates) | $29,773 |
| Students who withdrew | $6,054 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Aviation Institute of Maintenance - Charlotte.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $26,250 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Aviation Institute of Maintenance - Charlotte.
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 Aviation Institute of Maintenance - Charlotte.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 72 | $10,929 |
| Completed (graduates) | 34 | $18,150 |
| Did not complete | 38 | $6,038 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $215.82/mo.
The indicators below describe what the typical debt costs to pay back at Aviation Institute of Maintenance - Charlotte.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Aviation Institute of Maintenance - Charlotte is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.4% |
| Borrowers in the cohort | 163 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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 | $16,107 |
| High income | $17,103 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,732 |
| Continuing-generation students | $10,470 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,989 |
| Independent students | $10,875 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Aviation Institute of Maintenance - Charlotte.
Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Important to Remember
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.