by our College Data Analytics TeamHere you will find what students actually borrow to attend New England Tractor Trailer Training School of Connecticut, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at New England Tractor Trailer Training School of Connecticut, 97% of incoming students take out a loan to help cover first-year costs, averaging $6,033 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $6,033. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at New England Tractor Trailer Training School of Connecticut, 75% rely on federal student loans toward their education, at an average of $5,139 each per year. It comes to 14.8% under the $6,033 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $10,278 after two years and $20,556 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 75% |
| Average federal loan per year | $5,139 |
| Undergraduates with a federal loan | 897 |
| Total federal loans (one year) | $4,609,669 |
Graduating and withdrawing students at New England Tractor Trailer Training School of Connecticut carry a median federal debt of $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,167 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 New England Tractor Trailer Training School of Connecticut.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $4,279 |
| 75th percentile | $6,333 |
| 90th percentile (highest-debt students) | $6,333 |
How wide this percentile range is tells you how much borrowing varies across students at New England Tractor Trailer Training School of Connecticut.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at New England Tractor Trailer Training School of Connecticut.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 246 | $4,811 |
| Completed (graduates) | 195 | $5,452 |
| Did not complete | 51 | $3,067 |
On a standard 10-year plan, the median completing borrower would pay about $64.83/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at New England Tractor Trailer Training School of Connecticut.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 233 | — |
| No Stafford loan this year | 13 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. New England Tractor Trailer Training School of Connecticut.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for New England Tractor Trailer Training School of Connecticut is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.5% |
| Borrowers in the cohort | 1195 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $6,333 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at New England Tractor Trailer Training School of Connecticut.
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.
Worth Knowing
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.