by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Hazard Community and Technical College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Hazard Community and Technical College, 7% of new students use loans toward freshman-year expenses, borrowing on average $4,635 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $4,635, or about 84.3% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Hazard Community and Technical College (freshmen included), 21% use federal student loans to help pay for their education, borrowing on average $6,067 in federal loans per year. It comes to 30.9% above the $4,635 freshmen take on.
Borrowing the same amount each year would add up to roughly $12,134 after two years and $24,268 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 | 21% |
| Average federal loan per year | $6,067 |
| Undergraduates with a federal loan | 288 |
| Total federal loans (one year) | $1,747,414 |
Graduating and withdrawing students at Hazard Community and Technical College carry a median federal debt of $7,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,000 |
| Students who completed (graduates) | $10,125 |
| Students who withdrew | $5,682 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Hazard Community and Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,675 |
| 25th percentile | $3,000 |
| 75th percentile | $12,032 |
| 90th percentile (highest-debt students) | $21,065 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Hazard Community and Technical College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Hazard Community and Technical College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 104 | $7,998 |
| Completed (graduates) | 26 | $6,625 |
| Did not complete | 78 | $8,000 |
On a standard 10-year plan, the median completing borrower would pay about $78.78/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 Hazard Community and Technical College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 18 | — |
| No Stafford loan this year | 86 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Hazard Community and Technical College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Hazard Community and Technical College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 25.2% |
| Borrowers in the cohort | 526 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,124 |
| Middle income | $6,700 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,071 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,599 |
| Independent students | $9,081 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Hazard Community and Technical College.
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
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.