by our College Data Analytics TeamHere you will find what students actually borrow to attend Career Technology Center of Lackawanna County, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Career Technology Center of Lackawanna County, 78% of first-year students take on loan debt, borrowing on average $7,897 per borrower, covering both private and federal loans.
The average federally funded loan is $7,232. 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.
Looking at all undergraduates at Career Technology Center of Lackawanna County, freshmen included, 74% take out federal student loans, for a typical $7,639 annually. That is 5.6% more than the $7,232 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $15,278 across two years and $30,556 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 74% |
| Average federal loan per year | $7,639 |
| Undergraduates with a federal loan | 90 |
| Total federal loans (one year) | $687,547 |
Graduating and withdrawing students at Career Technology Center of Lackawanna County carry a median federal debt of $11,861 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,861 |
| Students who completed (graduates) | $17,200 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Career Technology Center of Lackawanna County.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,181 |
| 25th percentile | $4,750 |
| 75th percentile | $17,200 |
| 90th percentile (highest-debt students) | $17,200 |
How wide this percentile range is tells you how much borrowing varies across students at Career Technology Center of Lackawanna County.
The indicators below describe what the typical debt costs to pay back at Career Technology Center of Lackawanna County.
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 Career Technology Center of Lackawanna County follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.4% |
| Borrowers in the cohort | 45 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $11,200 |
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.
Worth Knowing
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.