by our College Data Analytics TeamThis page focuses on the debt students take on to attend Industrial Management Training Institute— 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.
Among first-year students at Industrial Management Training Institute, 42% of freshmen borrow to help pay for their first year, with a typical loan of $3,503 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $3,503, or about 63.7% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Industrial Management Training Institute, 39% borrow through federal student loan programs, for a typical $3,503 annually.
Borrowing at that rate every year works out to about $7,006 by year two and around $14,012 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $3,503 |
| Undergraduates with a federal loan | 42 |
| Total federal loans (one year) | $147,112 |
The median student at Industrial Management Training Institute borrows $8,490 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,490 |
| Students who completed (graduates) | $9,500 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Industrial Management Training Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at Industrial Management Training Institute.
These figures turn the debt totals into a monthly repayment picture for Industrial Management Training Institute.
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 Industrial Management Training Institute follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.5% |
| Borrowers in the cohort | 93 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
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 Industrial Management Training Institute.
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.
Did You Know?
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.