by our College Data Analytics TeamThis page focuses on the debt students take on to attend Franklin Technology Center— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Franklin Technology Center, 52% of first-year students take on loan debt, for an average of $7,693 per student, private and federal loans combined.
The average federal loan is $7,693. This reaches or tops the $5,500 first-year federal borrowing cap 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.
Counting every undergraduate at Franklin Technology Center, 61% finance part of their studies with federal loans, for a typical $8,116 annually. This works out to 5.5% greater than the $7,693 freshmen take on.
Repeating that yearly amount projects to about $16,232 after two years and $32,464 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $8,116 |
| Undergraduates with a federal loan | 34 |
| Total federal loans (one year) | $275,932 |
Graduating and withdrawing students at Franklin Technology Center carry a median federal debt of $7,600 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,600 |
| Students who completed (graduates) | $7,600 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Franklin Technology Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,800 |
| 25th percentile | $4,800 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Franklin Technology Center.
The indicators below describe what the typical debt costs to pay back at Franklin Technology Center.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Franklin Technology Center is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 26.1% |
| Borrowers in the cohort | 153 |
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 | $9,489 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,400 |
| Independent students | $9,498 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Franklin Technology Center.
The Difference Between Subsidized and 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?
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.