by our College Data Analytics TeamThis page focuses on the debt students take on to attend Midwest Technical Institute - Springfield, Illinois: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
For incoming students at MTI - Springfield, Illinois, 73% of incoming undergraduates borrow in year one, for an average of $8,621 per borrower, covering both private and federal loans.
The typical federal loan comes to $7,576. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at MTI - Springfield, Illinois, freshmen included, 73% use federal student loans to help pay for their education, at an average of $8,014 in federal loans per year. That amounts to 5.8% above the $7,576 borrowed by freshmen.
Repeating that yearly amount projects to about $16,028 across two years and $32,056 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 | 73% |
| Average federal loan per year | $8,014 |
| Undergraduates with a federal loan | 1,492 |
| Total federal loans (one year) | $11,956,821 |
The middle borrower at MTI - Springfield, Illinois owes $9,251 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,251 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for MTI - Springfield, Illinois.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,100 |
| 25th percentile | $5,500 |
| 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 MTI - Springfield, Illinois.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at MTI - Springfield, Illinois.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 686 | $5,999 |
| Completed (graduates) | 557 | $6,887 |
| Did not complete | 129 | $4,460 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $81.89/mo.
Federal data lets us separate Stafford borrowers from the rest at MTI - Springfield, Illinois.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 665 | $6,100 |
| No Stafford loan | 21 | $1,438 |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 614 | $5,999 |
| No Stafford loan this year | 72 | $5,940 |
The indicators below describe what the typical debt costs to pay back at MTI - Springfield, Illinois.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for MTI - Springfield, Illinois is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 23.2% |
| Borrowers in the cohort | 1456 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,301 |
| Middle income | $7,301 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,251 |
| Continuing-generation students | $9,301 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at MTI - Springfield, Illinois.
Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.