by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Aviation Institute of Maintenance-Chicago— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Aviation Institute of Maintenance-Chicago, 98% of freshmen borrow to help pay for their first year, borrowing on average $7,970 per student, private and federal loans combined.
The typical federal loan comes to $7,780. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at Aviation Institute of Maintenance-Chicago, 29% use federal student loans to help pay for their education, at an average of $7,680 annually. That amounts to 1.3% less than the first-year federal average of $7,780.
Carrying that yearly figure forward comes to roughly $15,360 in two years and roughly $30,720 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 29% |
| Average federal loan per year | $7,680 |
| Undergraduates with a federal loan | 64 |
| Total federal loans (one year) | $491,500 |
The median student at Aviation Institute of Maintenance-Chicago borrows $24,250 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $24,250 |
| Students who completed (graduates) | $31,301 |
| Students who withdrew | $8,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Aviation Institute of Maintenance-Chicago.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $6,321 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $21,313 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Aviation Institute of Maintenance-Chicago.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Aviation Institute of Maintenance-Chicago.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 113 | $12,053 |
| Completed (graduates) | 90 | $13,761 |
| Did not complete | 23 | $5,251 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $163.63/mo.
The indicators below describe what the typical debt costs to pay back at Aviation Institute of Maintenance-Chicago.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Aviation Institute of Maintenance-Chicago is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 25.9% |
| Borrowers in the cohort | 54 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $28,498 |
| Middle income | $19,540 |
| High income | $19,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $24,731 |
| Continuing-generation students | $22,981 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $19,500 |
| Independent students | $32,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Aviation Institute of Maintenance-Chicago.
Subsidized vs. 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.