by our College Data Analytics TeamHere you will find what students actually borrow to attend Greater Lowell Technical School— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
For incoming students at Greater Lowell Technical School, 18% of new students use loans toward freshman-year expenses, borrowing on average $6,500 each, across private and federal loan sources.
On the federal side, the average loan is $6,500. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Greater Lowell Technical School, 28% rely on federal student loans toward their education, averaging $5,096 each per year. This is 21.6% smaller than the freshman federal average of $6,500.
Carrying that yearly figure forward comes to roughly $10,192 across two years and $20,384 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 | 28% |
| Average federal loan per year | $5,096 |
| Undergraduates with a federal loan | 23 |
| Total federal loans (one year) | $117,213 |
Graduating and withdrawing students at Greater Lowell Technical School carry a median federal debt of $7,833 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,833 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Greater Lowell Technical School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,000 |
| 75th percentile | $8,937 |
The indicators below describe what the typical debt costs to pay back at Greater Lowell Technical School.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Greater Lowell Technical School follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.3% |
| Borrowers in the cohort | 42 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Middle income | $8,920 |
Federal data publishes the following gap measures for Greater Lowell Technical School.
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.
Important to Remember
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.