by our College Data Analytics TeamHere you will find what students actually borrow to attend Northern Tier Career Center: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Northern Tier Career Center, 58% of new students use loans toward freshman-year expenses, borrowing on average $12,896 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $9,705. This reaches or tops the $5,500 first-year federal borrowing cap 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 Northern Tier Career Center, 48% take out federal student loans, at an average of $9,762 annually. It comes to 0.6% greater than the $9,705 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $19,524 after two years and $39,048 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $9,762 |
| Undergraduates with a federal loan | 30 |
| Total federal loans (one year) | $292,861 |
The median student at Northern Tier Career Center borrows $12,625 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,625 |
| Students who completed (graduates) | $14,750 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Northern Tier Career Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $6,625 |
| 75th percentile | $14,750 |
These figures turn the debt totals into a monthly repayment picture for Northern Tier Career Center.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Northern Tier Career Center appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.0% |
| Borrowers in the cohort | 33 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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.
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.