by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Interactive College of Technology-Morrow: 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 Interactive College of Technology - Morrow, 76% of incoming undergraduates borrow in year one, with a typical loan of $7,469 per borrower, covering both private and federal loans.
On the federal side, the average loan is $7,469. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Interactive College of Technology - Morrow (freshmen included), 49% rely on federal student loans toward their education, for a typical $6,074 annually. That is 18.7% lower than the $7,469 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $12,148 by year two and around $24,296 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 49% |
| Average federal loan per year | $6,074 |
| Undergraduates with a federal loan | 55 |
| Total federal loans (one year) | $334,081 |
The middle borrower at Interactive College of Technology - Morrow owes $8,661 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,661 |
| Students who completed (graduates) | $10,555 |
| Students who withdrew | $6,501 |
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 Interactive College of Technology - Morrow.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,695 |
| 25th percentile | $3,361 |
| 75th percentile | $9,556 |
| 90th percentile (highest-debt students) | $12,039 |
How wide this percentile range is tells you how much borrowing varies across students at Interactive College of Technology - Morrow.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Interactive College of Technology - Morrow.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 36 | $8,270 |
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Interactive College of Technology - Morrow.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 26 | — |
| No Stafford loan this year | 10 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Interactive College of Technology - Morrow.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Interactive College of Technology - Morrow appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.1% |
| Borrowers in the cohort | 274 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,532 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,672 |
| Continuing-generation students | $8,353 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,817 |
| Independent students | $9,015 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Interactive College of Technology - Morrow.
Subsidized vs. 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.