by our College Data Analytics TeamHere you will find what students actually borrow to attend Institute of Technology— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Fresno Institute of Technology, 76% of first-year students take on loan debt, with a typical loan of $7,875 per borrower, covering both private and federal loans.
Federal loans alone average $8,216. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Fresno Institute of Technology, 67% rely on federal student loans toward their education, with a mean of $7,723 per year. This is 6.0% lower than the $8,216 typical freshmen borrow.
Borrowing at that rate every year works out to about $15,446 by year two and around $30,892 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $7,723 |
| Undergraduates with a federal loan | 1,519 |
| Total federal loans (one year) | $11,730,851 |
The median student at Fresno Institute of Technology borrows $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Fresno Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,938 |
| 25th percentile | $5,657 |
| 75th percentile | $13,224 |
| 90th percentile (highest-debt students) | $16,719 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Fresno Institute of 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 Fresno Institute of Technology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 230 | $7,571 |
| Completed (graduates) | 179 | $8,316 |
| Did not complete | 51 | $5,376 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $98.89/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 Fresno Institute of Technology.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 212 | — |
| No Stafford loan this year | 18 | — |
The indicators below describe what the typical debt costs to pay back at Fresno Institute of Technology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Fresno Institute of Technology appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.0% |
| Borrowers in the cohort | 2945 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,500 |
| High income | $7,735 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,735 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Fresno Institute of Technology.
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Worth Knowing
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.