by our College Data Analytics TeamThis page focuses on the debt students take on to attend Alaska Vocational Technical Center— 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 AVTEC, 5% of freshmen borrow to help pay for their first year, for an average of $7,185 each, across private and federal loan sources.
The typical federal loan comes to $6,185. 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.
Looking at all undergraduates at AVTEC, freshmen included, 7% use federal student loans to help pay for their education, with a mean of $6,887 per year. This works out to 11.4% higher than the $6,185 borrowed by freshmen.
At a steady annual pace, that totals around $13,774 in two years and roughly $27,548 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 7% |
| Average federal loan per year | $6,887 |
| Undergraduates with a federal loan | 10 |
| Total federal loans (one year) | $68,867 |
The middle borrower at AVTEC owes $5,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for AVTEC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,043 |
| 25th percentile | $2,900 |
| 75th percentile | $6,428 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at AVTEC.
These figures turn the debt totals into a monthly repayment picture for AVTEC.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for AVTEC appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.5% |
| Borrowers in the cohort | 82 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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
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.