by our College Data Analytics TeamHere you will find what students actually borrow to attend Intellitec College-Grand Junction: 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.
At Intellitec College - Grand Junction, 72% of new students use loans toward freshman-year expenses, for an average of $6,586 per borrower, covering both private and federal loans.
The average federal loan is $6,097. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at Intellitec College - Grand Junction, 59% use federal student loans to help pay for their education, for a typical $6,123 each per year. That is 0.4% above the $6,097 typical freshmen borrow.
Repeating that yearly amount projects to about $12,246 over two years and about $24,492 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $6,123 |
| Undergraduates with a federal loan | 1,067 |
| Total federal loans (one year) | $6,532,828 |
Graduating and withdrawing students at Intellitec College - Grand Junction carry a median federal debt of $9,088 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,088 |
| Students who completed (graduates) | $10,769 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Intellitec College - Grand Junction.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,500 |
| 25th percentile | $6,312 |
| 75th percentile | $16,338 |
| 90th percentile (highest-debt students) | $21,349 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Intellitec College - Grand Junction.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Intellitec College - Grand Junction.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 148 | $5,375 |
| Completed (graduates) | 115 | $5,825 |
| Did not complete | 33 | $4,622 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $69.27/mo.
These figures turn the debt totals into a monthly repayment picture for Intellitec College - Grand Junction.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Intellitec College - Grand Junction follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.8% |
| Borrowers in the cohort | 644 |
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 | $9,098 |
| Middle income | $7,916 |
| High income | $8,232 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,089 |
| Continuing-generation students | $9,035 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,031 |
| Independent students | $9,298 |
Federal data publishes the following gap measures for Intellitec College - Grand Junction.
The Difference Between 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.
Did You Know?
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.