by our College Data Analytics TeamThis page focuses on the debt students take on to attend ETI School of Skilled Trades: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At ETI specifically, 60% of freshmen borrow to help pay for their first year, with a typical loan of $7,901 per borrower, covering both private and federal loans.
The typical federal loan comes to $7,901. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at ETI (freshmen included), 48% use federal student loans to help pay for their education, borrowing on average $7,425 a year. That is 6.0% less than the first-year federal average of $7,901.
At a steady annual pace, that totals around $14,850 by year two and around $29,700 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 | 48% |
| Average federal loan per year | $7,425 |
| Undergraduates with a federal loan | 296 |
| Total federal loans (one year) | $2,197,841 |
Graduating and withdrawing students at ETI carry a median federal debt of $9,428 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,428 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,247 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 ETI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,010 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at ETI.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for ETI.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 95 | $7,452 |
| Completed (graduates) | 74 | $9,454 |
| Did not complete | 21 | $2,679 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $112.42/mo.
The indicators below describe what the typical debt costs to pay back at ETI.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for ETI is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.7% |
| Borrowers in the cohort | 389 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $7,110 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,327 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at ETI.
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.
Did You Know?
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.