by our College Data Analytics TeamHere you will find what students actually borrow to attend Franklin County Career and Technology 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.
For incoming students at Franklin County Career and Technology Center, 42% of incoming undergraduates borrow in year one, for an average of $5,640 each — a figure that counts both private and federal student loans.
The average federally funded loan is $5,640. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Franklin County Career and Technology Center, 44% rely on federal student loans toward their education, borrowing on average $4,183 each per year. That amounts to 25.8% lower than the $5,640 freshmen take on.
Repeating that yearly amount projects to about $8,366 after two years and $16,732 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 44% |
| Average federal loan per year | $4,183 |
| Undergraduates with a federal loan | 33 |
| Total federal loans (one year) | $138,054 |
Graduating and withdrawing students at Franklin County Career and Technology Center carry a median federal debt of $14,614 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,614 |
| Students who completed (graduates) | $14,760 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Franklin County Career and Technology Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $8,309 |
| 75th percentile | $14,760 |
The indicators below describe what the typical debt costs to pay back at Franklin County Career and Technology Center.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Franklin County Career and Technology Center follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.8% |
| Borrowers in the cohort | 52 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,760 |
| Middle income | $14,676 |
| High income | $9,128 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,756 |
| Independent students | $14,760 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Franklin County Career and Technology Center.
The Difference Between 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.
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.