by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Waynesville Career Center: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Waynesville Technical Academy, 50% of new students use loans toward freshman-year expenses, for an average of $5,856 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $5,856. 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 Waynesville Technical Academy, 43% rely on federal student loans toward their education, for a typical $5,446 a year. It comes to 7.0% under the first-year federal average of $5,856.
At a steady annual pace, that totals around $10,892 across two years and $21,784 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $5,446 |
| Undergraduates with a federal loan | 9 |
| Total federal loans (one year) | $49,018 |
The median student at Waynesville Technical Academy borrows $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Waynesville Technical Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,950 |
| 75th percentile | $9,515 |
These figures turn the debt totals into a monthly repayment picture for Waynesville Technical Academy.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Waynesville Technical Academy follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.2% |
| Borrowers in the cohort | 46 |
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.
Important to Remember
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.