by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Fortis Institute - Wayne, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Fortis Institute - Wayne, 90% of freshmen borrow to help pay for their first year, at roughly $8,882 per student, private and federal loans combined.
The average federal loan is $8,303. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Among all degree-seeking undergrads at Fortis Institute - Wayne, 72% use federal student loans to help pay for their education, borrowing on average $6,970 each per year. That amounts to 16.1% smaller than the $8,303 typical freshmen borrow.
Borrowing at that rate every year works out to about $13,940 across two years and $27,880 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 72% |
| Average federal loan per year | $6,970 |
| Undergraduates with a federal loan | 470 |
| Total federal loans (one year) | $3,275,970 |
Graduating and withdrawing students at Fortis Institute - Wayne carry a median federal debt of $9,100 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,100 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Fortis Institute - Wayne.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,668 |
| 25th percentile | $6,235 |
| 75th percentile | $11,250 |
| 90th percentile (highest-debt students) | $13,063 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Fortis Institute - Wayne.
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 Institute - Wayne.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 515 | $5,570 |
| Completed (graduates) | 346 | $6,472 |
| Did not complete | 169 | $3,528 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $76.96/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Fortis Institute - Wayne.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 499 | — |
| No Stafford loan | 16 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 487 | $5,722 |
| No Stafford loan this year | 28 | $2,289 |
These figures turn the debt totals into a monthly repayment picture for Fortis Institute - Wayne.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Fortis Institute - Wayne follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.6% |
| Borrowers in the cohort | 545 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,332 |
| Middle income | $8,233 |
| High income | $7,214 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,015 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,215 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Fortis Institute - Wayne.
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
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.