by our College Data Analytics TeamHere you will find what students actually borrow to attend Digital Media Institute— 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 Digital Media Institute at InterTech, 29% of incoming students take out a loan to help cover first-year costs, for an average of $6,552 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $2,598, or about 47.2% of the $5,500 federal limit that applies to a typical first-year dependent borrower. 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 Digital Media Institute at InterTech, freshmen included, 20% use federal student loans to help pay for their education, with a mean of $2,623 in federal loans per year. This works out to 1.0% above the first-year federal average of $2,598.
At a steady annual pace, that totals around $5,246 across two years and $10,492 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 20% |
| Average federal loan per year | $2,623 |
| Undergraduates with a federal loan | 10 |
| Total federal loans (one year) | $26,227 |
The middle borrower at Digital Media Institute at InterTech owes $5,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
These figures turn the debt totals into a monthly repayment picture for Digital Media Institute at InterTech.
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.