by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Fayette County Career & Technical Institute Practical Nursing Program— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at FCCTI, 92% of incoming undergraduates borrow in year one, for an average of $10,633 per student, private and federal loans combined.
Federal loans alone average $10,633. That is at or past the $5,500 federal first-year limit 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.
For undergraduates overall at FCCTI, 76% take out federal student loans, for a typical $8,972 a year. This works out to 15.6% under the freshman federal average of $10,633.
Borrowing at that rate every year works out to about $17,944 in two years and roughly $35,888 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 | 76% |
| Average federal loan per year | $8,972 |
| Undergraduates with a federal loan | 65 |
| Total federal loans (one year) | $583,174 |
Graduating and withdrawing students at FCCTI carry a median federal debt of $12,440 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,440 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for FCCTI.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,177 |
| 25th percentile | $9,500 |
| 75th percentile | $17,130 |
| 90th percentile (highest-debt students) | $17,130 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at FCCTI.
These figures turn the debt totals into a monthly repayment picture for FCCTI.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for FCCTI appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.6% |
| Borrowers in the cohort | 55 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,250 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $10,223 |
| Independent students | $15,838 |
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.