by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Garden State Science and Technology Institute, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Garden State Science and Technology Institute specifically, 84% of first-year students take on loan debt, at roughly $8,014 each, across private and federal loan sources.
The average federal loan is $8,014. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. 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 Garden State Science and Technology Institute, 61% take out federal student loans, with a mean of $8,123 each per year. That amounts to 1.4% larger than the freshman federal average of $8,014.
Borrowing at that rate every year works out to about $16,246 over two years and about $32,492 over a four-year span. 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 | $8,123 |
| Undergraduates with a federal loan | 632 |
| Total federal loans (one year) | $5,134,010 |
The median student at Garden State Science and Technology Institute borrows $7,412 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,412 |
| Students who completed (graduates) | $9,403 |
| Students who withdrew | $4,666 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Garden State Science and Technology Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,139 |
| 25th percentile | $4,278 |
| 75th percentile | $7,389 |
| 90th percentile (highest-debt students) | $7,389 |
How wide this percentile range is tells you how much borrowing varies across students at Garden State Science and Technology Institute.
The indicators below describe what the typical debt costs to pay back at Garden State Science and Technology Institute.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,305 |
The Difference Between 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.
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.