by our College Data Analytics TeamHere you will find what students actually borrow to attend Indiana Institute of Technology-College of Professional Studies— 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.
At Indiana Tech - CPS, 52% of incoming undergraduates borrow in year one, with a typical loan of $6,220 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $6,220. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Indiana Tech - CPS, 61% use federal student loans to help pay for their education, averaging $5,773 per year. It comes to 7.2% smaller than the $6,220 freshmen take on.
At a steady annual pace, that totals around $11,546 after two years and $23,092 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $5,773 |
| Undergraduates with a federal loan | 1,497 |
| Total federal loans (one year) | $8,642,635 |
The median student at Indiana Tech - CPS borrows $12,564 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,564 |
| Students who completed (graduates) | $26,391 |
| Students who withdrew | $9,500 |
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 Indiana Tech - CPS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,000 |
| 25th percentile | $5,416 |
| 75th percentile | $19,000 |
| 90th percentile (highest-debt students) | $34,250 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Indiana Tech - CPS.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Indiana Tech - CPS.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 704 | $12,796 |
| Completed (graduates) | 198 | $12,484 |
| Did not complete | 506 | $12,920 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $148.45/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 Indiana Tech - CPS.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 615 | $13,240 |
| No Stafford loan this year | 89 | $10,000 |
The indicators below describe what the typical debt costs to pay back at Indiana Tech - CPS.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Indiana Tech - CPS is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.6% |
| Borrowers in the cohort | 999 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,392 |
| Middle income | $13,521 |
| High income | $9,830 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,500 |
| Continuing-generation students | $13,062 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $14,423 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Indiana Tech - CPS.
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.
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.