by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Horry-Georgetown Technical College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Horry-Georgetown Technical College, 22% of freshmen borrow to help pay for their first year, with a typical loan of $6,106 per student, private and federal loans combined.
The average federally funded loan is $5,704. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Horry-Georgetown Technical College, 30% use federal student loans to help pay for their education, for a typical $6,205 a year. It comes to 8.8% more than the $5,704 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $12,410 after two years and $24,820 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 30% |
| Average federal loan per year | $6,205 |
| Undergraduates with a federal loan | 1,766 |
| Total federal loans (one year) | $10,957,917 |
The middle borrower at Horry-Georgetown Technical College owes $8,250 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,250 |
| Students who completed (graduates) | $14,250 |
| Students who withdrew | $5,573 |
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 Horry-Georgetown Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,935 |
| 25th percentile | $3,500 |
| 75th percentile | $19,000 |
| 90th percentile (highest-debt students) | $34,250 |
How wide this percentile range is tells you how much borrowing varies across students at Horry-Georgetown Technical College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Horry-Georgetown Technical College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 586 | $12,000 |
| Completed (graduates) | 147 | $13,193 |
| Did not complete | 439 | $11,509 |
On a standard 10-year plan, the median completing borrower would pay about $156.88/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Horry-Georgetown Technical College.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 574 | — |
| No Stafford loan | 12 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 351 | $10,786 |
| No Stafford loan this year | 235 | $14,594 |
These figures turn the debt totals into a monthly repayment picture for Horry-Georgetown Technical College.
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 Horry-Georgetown Technical College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.1% |
| Borrowers in the cohort | 1944 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $8,073 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,822 |
| Continuing-generation students | $7,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $11,934 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Horry-Georgetown Technical College.
Subsidized vs. 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.