by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Fortis College-Indianapolis— 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.
For incoming students at Fortis College - Indianapolis, 82% of first-year students take on loan debt, for an average of $8,223 each, across private and federal loan sources.
Federal loans alone average $8,223. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Fortis College - Indianapolis, freshmen included, 74% use federal student loans to help pay for their education, with a mean of $7,807 annually. It comes to 5.1% less than the freshman federal average of $8,223.
Carrying that yearly figure forward comes to roughly $15,614 over two years and about $31,228 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 | 74% |
| Average federal loan per year | $7,807 |
| Undergraduates with a federal loan | 197 |
| Total federal loans (one year) | $1,537,978 |
Graduating and withdrawing students at Fortis College - Indianapolis carry a median federal debt of $12,949 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,949 |
| Students who completed (graduates) | $13,000 |
| Students who withdrew | $9,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Fortis College - Indianapolis.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,500 |
| 75th percentile | $21,990 |
| 90th percentile (highest-debt students) | $32,366 |
How wide this percentile range is tells you how much borrowing varies across students at Fortis College - Indianapolis.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Fortis College - Indianapolis.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 231 | $6,861 |
| Completed (graduates) | 117 | $8,000 |
| Did not complete | 114 | $5,414 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $95.13/mo.
Federal data lets us separate Stafford borrowers from the rest at Fortis College - Indianapolis.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 219 | — |
| No Stafford loan this year | 12 | — |
The indicators below describe what the typical debt costs to pay back at Fortis College - Indianapolis.
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 Fortis College - Indianapolis follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.1% |
| Borrowers in the cohort | 1787 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,667 |
| Middle income | $13,000 |
| High income | $12,950 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,667 |
| Continuing-generation students | $13,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $13,000 |
Federal data publishes the following gap measures for Fortis College - Indianapolis.
The Difference Between Subsidized and 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.
Worth Knowing
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.