by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Ocean County Vocational-Technical School: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At OCVTS specifically, 49% of incoming undergraduates borrow in year one, with a typical loan of $8,479 each, across private and federal loan sources.
Federal loans alone average $8,344. 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.
Counting every undergraduate at OCVTS, 24% use federal student loans to help pay for their education, with a mean of $6,406 per year. It comes to 23.2% smaller than the freshman federal average of $8,344.
At a steady annual pace, that totals around $12,812 across two years and $25,624 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 24% |
| Average federal loan per year | $6,406 |
| Undergraduates with a federal loan | 110 |
| Total federal loans (one year) | $704,610 |
Graduating and withdrawing students at OCVTS carry a median federal debt of $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $5,500 |
| Students who withdrew | $2,730 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for OCVTS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,655 |
| 25th percentile | $2,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at OCVTS.
Repayment burden translates the debt figures into what a borrower actually pays each month. OCVTS.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for OCVTS follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.0% |
| Borrowers in the cohort | 98 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,250 |
| Middle income | $5,128 |
| High income | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,207 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for OCVTS.
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.
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.