by our College Data Analytics TeamThis page focuses on the debt students take on to attend Aviation Institute of Maintenance-Indianapolis— 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.
Looking at the entering class at Aviation Institute of Maintenance - Indianapolis, 71% of incoming undergraduates borrow in year one, at roughly $10,032 per student, private and federal loans combined.
On the federal side, the average loan is $8,118. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Aviation Institute of Maintenance - Indianapolis, 27% rely on federal student loans toward their education, at an average of $8,146 per year. It comes to 0.3% above the $8,118 freshmen take on.
Carrying that yearly figure forward comes to roughly $16,292 by year two and around $32,584 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 27% |
| Average federal loan per year | $8,146 |
| Undergraduates with a federal loan | 43 |
| Total federal loans (one year) | $350,291 |
The middle borrower at Aviation Institute of Maintenance - Indianapolis owes $12,663 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,663 |
| Students who completed (graduates) | $29,773 |
| Students who withdrew | $6,054 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Aviation Institute of Maintenance - Indianapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $26,250 |
How wide this percentile range is tells you how much borrowing varies across students at Aviation Institute of Maintenance - Indianapolis.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Aviation Institute of Maintenance - Indianapolis.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 72 | $10,929 |
| Completed (graduates) | 34 | $18,150 |
| Did not complete | 38 | $6,038 |
On a standard 10-year plan, the median completing borrower would pay about $215.82/mo.
The indicators below describe what the typical debt costs to pay back at Aviation Institute of Maintenance - Indianapolis.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Aviation Institute of Maintenance - Indianapolis appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.4% |
| Borrowers in the cohort | 163 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $16,107 |
| High income | $17,103 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,732 |
| Continuing-generation students | $10,470 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,989 |
| Independent students | $10,875 |
Federal data publishes the following gap measures for Aviation Institute of Maintenance - Indianapolis.
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
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.