by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Fortis Institute - Forty Fort: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Fortis Institute - Forty Fort, 85% of incoming undergraduates borrow in year one, at roughly $6,901 each — a figure that counts both private and federal student loans.
The average federally funded loan is $6,613. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Fortis Institute - Forty Fort, freshmen included, 60% borrow through federal student loan programs, averaging $6,575 annually. This works out to 0.6% smaller than the first-year federal average of $6,613.
Borrowing at that rate every year works out to about $13,150 across two years and $26,300 across a four-year program. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 60% |
| Average federal loan per year | $6,575 |
| Undergraduates with a federal loan | 96 |
| Total federal loans (one year) | $631,205 |
Graduating and withdrawing students at Fortis Institute - Forty Fort carry a median federal debt of $8,063 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,063 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $5,173 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Fortis Institute - Forty Fort.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $7,122 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $26,477 |
How wide this percentile range is tells you how much borrowing varies across students at Fortis Institute - Forty Fort.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Fortis Institute - Forty Fort.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 130 | $5,200 |
| Completed (graduates) | 93 | $5,105 |
| Did not complete | 37 | $6,900 |
On a standard 10-year plan, the median completing borrower would pay about $60.7/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Fortis Institute - Forty Fort.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Fortis Institute - Forty Fort follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.5% |
| Borrowers in the cohort | 387 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,640 |
| Middle income | $9,500 |
| High income | $12,813 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,138 |
| Continuing-generation students | $8,050 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Fortis Institute - Forty Fort.
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.
Worth Knowing
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.