by our College Data Analytics TeamThis page focuses on the debt students take on to attend Institute for Business and Technology: 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 Institute for Business and Technology, 91% of first-year students take on loan debt, averaging $13,227 each — a figure that counts both private and federal student loans.
The average federally funded loan is $7,596. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. 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 Institute for Business and Technology, 48% rely on federal student loans toward their education, borrowing on average $7,700 each per year. This works out to 1.4% above the first-year federal average of $7,596.
Borrowing at that rate every year works out to about $15,400 across two years and $30,800 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $7,700 |
| Undergraduates with a federal loan | 549 |
| Total federal loans (one year) | $4,227,470 |
The middle borrower at Institute for Business and Technology owes $7,600 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,600 |
| Students who completed (graduates) | $7,853 |
| Students who withdrew | $3,800 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Institute for Business and Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,800 |
| 25th percentile | $5,134 |
| 75th percentile | $8,867 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Institute for Business and Technology.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Institute for Business and Technology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 105 | $5,956 |
Federal data lets us separate Stafford borrowers from the rest at Institute for Business and Technology.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 93 | — |
| No Stafford loan this year | 12 | — |
The indicators below describe what the typical debt costs to pay back at Institute for Business and Technology.
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 Institute for Business and Technology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.5% |
| Borrowers in the cohort | 1121 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,600 |
| Middle income | $7,600 |
| High income | $5,133 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,600 |
| Continuing-generation students | $7,600 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,133 |
| Independent students | $8,489 |
Federal data publishes the following gap measures for Institute for Business and Technology.
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.
Did You Know?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.