by our College Data Analytics TeamThis page focuses on the debt students take on to attend Divers Institute of Technology, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Divers Institute of Technology, 38% of freshmen borrow to help pay for their first year, averaging $19,203 each — a figure that counts both private and federal student loans.
The average federally funded loan is $6,775. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Divers Institute of Technology, freshmen included, 38% borrow through federal student loan programs, with a mean of $7,001 annually. That is 3.3% larger than the freshman federal average of $6,775.
Carrying that yearly figure forward comes to roughly $14,002 by year two and around $28,004 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 | 38% |
| Average federal loan per year | $7,001 |
| Undergraduates with a federal loan | 178 |
| Total federal loans (one year) | $1,246,190 |
The middle borrower at Divers Institute of Technology owes $9,355 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,355 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,442 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Divers Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,713 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Divers Institute of Technology.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Divers Institute of Technology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 68 | $33,622 |
The indicators below describe what the typical debt costs to pay back at Divers Institute of Technology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Divers Institute of Technology appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.9% |
| Borrowers in the cohort | 259 |
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 | $9,500 |
| Middle income | $9,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $5,866 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Divers Institute of Technology.
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.