by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Interactive College of Technology-Newport— 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.
For incoming students at Interactive College of Technology - Newport, 76% of freshmen borrow to help pay for their first year, for an average of $7,801 each — a figure that counts both private and federal student loans.
The average federally funded loan is $7,801. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Interactive College of Technology - Newport (freshmen included), 41% finance part of their studies with federal loans, at an average of $6,726 in federal loans per year. This is 13.8% less than the freshman federal average of $7,801.
Repeating that yearly amount projects to about $13,452 by year two and around $26,904 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 | 41% |
| Average federal loan per year | $6,726 |
| Undergraduates with a federal loan | 30 |
| Total federal loans (one year) | $201,768 |
Graduating and withdrawing students at Interactive College of Technology - Newport carry a median federal debt of $8,661 in federal student loans.
| 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 - Newport.
| 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 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Interactive College of Technology - Newport.
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 Interactive College of Technology - Newport.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 36 | $8,270 |
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 Interactive College of Technology - Newport.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 26 | — |
| No Stafford loan this year | 10 | — |
The indicators below describe what the typical debt costs to pay back at Interactive College of Technology - Newport.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Interactive College of Technology - Newport follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.1% |
| Borrowers in the cohort | 274 |
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 | $8,532 |
By First-Generation Status
| 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 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Interactive College of Technology - Newport.
Subsidized vs. 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
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.