by our College Data Analytics TeamHere you will find what students actually borrow to attend Bates Technical College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Bates Technical College, 4% of first-year students take on loan debt, borrowing on average $5,925 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,925. 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.
For undergraduates overall at Bates Technical College, 6% borrow through federal student loan programs, with a mean of $5,943 in federal loans per year. This works out to 0.3% above the $5,925 freshmen take on.
Borrowing the same amount each year would add up to roughly $11,886 in two years and roughly $23,772 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 6% |
| Average federal loan per year | $5,943 |
| Undergraduates with a federal loan | 96 |
| Total federal loans (one year) | $570,552 |
The middle borrower at Bates Technical College owes $5,563 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,563 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Bates Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,412 |
| 25th percentile | $2,561 |
| 75th percentile | $8,750 |
| 90th percentile (highest-debt students) | $12,375 |
How wide this percentile range is tells you how much borrowing varies across students at Bates Technical College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Bates Technical College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 65 | $11,210 |
Federal data lets us separate Stafford borrowers from the rest at Bates Technical College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 17 | — |
| No Stafford loan this year | 48 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Bates Technical College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Bates Technical College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.7% |
| Borrowers in the cohort | 297 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
| Middle income | $5,500 |
| High income | $6,678 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $6,441 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,649 |
| Independent students | $6,375 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Bates Technical College.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.