by our College Data Analytics TeamHere you will find what students actually borrow to attend East Valley Institute of Technology— 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.
At EVIT specifically, 4% of first-year students take on loan debt, for an average of $3,669 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $3,669, or about 66.7% of the typical first-year dependent student borrowing cap of $5,500. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at EVIT, 4% rely on federal student loans toward their education, at an average of $4,758 each per year. This is 29.7% more than the $3,669 typical freshmen borrow.
Borrowing at that rate every year works out to about $9,516 over two years and about $19,032 across a four-year program. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 4% |
| Average federal loan per year | $4,758 |
| Undergraduates with a federal loan | 18 |
| Total federal loans (one year) | $85,649 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for EVIT.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,411 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at EVIT.
The indicators below describe what the typical debt costs to pay back at EVIT.
Subsidized vs. 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
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.