by our College Data Analytics TeamThis page focuses on the debt students take on to attend Central Carolina Technical College— 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 Central Carolina, 4% of incoming undergraduates borrow in year one, for an average of $4,384 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $4,384, amounting to 79.7% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Central Carolina, 10% finance part of their studies with federal loans, borrowing on average $6,120 each per year. That is 39.6% greater than the freshman federal average of $4,384.
At a steady annual pace, that totals around $12,240 over two years and about $24,480 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 | 10% |
| Average federal loan per year | $6,120 |
| Undergraduates with a federal loan | 231 |
| Total federal loans (one year) | $1,413,813 |
The middle borrower at Central Carolina owes $6,821 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,821 |
| Students who completed (graduates) | $9,977 |
| Students who withdrew | $5,978 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Central Carolina.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,312 |
| 25th percentile | $2,500 |
| 75th percentile | $12,078 |
| 90th percentile (highest-debt students) | $21,152 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Central Carolina.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Central Carolina.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 234 | $10,375 |
| Completed (graduates) | 44 | $12,683 |
| Did not complete | 190 | $10,155 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $150.81/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Central Carolina.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 74 | $7,863 |
| No Stafford loan this year | 160 | $11,000 |
The indicators below describe what the typical debt costs to pay back at Central Carolina.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Central Carolina appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.3% |
| Borrowers in the cohort | 853 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,735 |
| Middle income | $5,542 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,994 |
| Continuing-generation students | $5,538 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,142 |
| Independent students | $9,000 |
Federal data publishes the following gap measures for Central Carolina.
The Difference Between Subsidized and 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.