by our College Data Analytics TeamHere you will find what students actually borrow to attend InterAmerican Technical Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At ITI specifically, 93% of incoming undergraduates borrow in year one, borrowing on average $7,034 per student, private and federal loans combined.
The average federally funded loan is $7,034. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at ITI, freshmen included, 90% finance part of their studies with federal loans, averaging $7,034 per year.
Repeating that yearly amount projects to about $14,068 by year two and around $28,136 by the fourth year. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 90% |
| Average federal loan per year | $7,034 |
| Undergraduates with a federal loan | 592 |
| Total federal loans (one year) | $4,164,202 |
The median student at ITI borrows $7,917 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,917 |
These figures turn the debt totals into a monthly repayment picture for ITI.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
Federal data publishes the following gap measures for ITI.
The Difference Between Subsidized and 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.
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.