by our College Data Analytics TeamThis page focuses on the debt students take on to attend First Institute of Travel, Inc: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At First Institute of Travel, Inc. specifically, 73% of freshmen borrow to help pay for their first year, at roughly $5,837 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,837. 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.
Among all degree-seeking undergrads at First Institute of Travel, Inc., 56% finance part of their studies with federal loans, borrowing on average $4,954 each per year. That amounts to 15.1% under the $5,837 borrowed by freshmen.
At a steady annual pace, that totals around $9,908 after two years and $19,816 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 56% |
| Average federal loan per year | $4,954 |
| Undergraduates with a federal loan | 241 |
| Total federal loans (one year) | $1,194,000 |
Graduating and withdrawing students at First Institute of Travel, Inc. carry a median federal debt of $8,360 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,360 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,192 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for First Institute of Travel, Inc..
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,914 |
| 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 First Institute of Travel, Inc..
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at First Institute of Travel, Inc..
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 28 | $9,597 |
Repayment burden translates the debt figures into what a borrower actually pays each month. First Institute of Travel, Inc..
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for First Institute of Travel, Inc. follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.6% |
| Borrowers in the cohort | 158 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,360 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at First Institute of Travel, Inc..
Subsidized vs. 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.
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.