by our College Data Analytics TeamThis page focuses on the debt students take on to attend Island Drafting and Technical Institute— 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 Island Drafting and Technical Institute, 58% of freshmen borrow to help pay for their first year, averaging $5,500 per student, private and federal loans combined.
The typical federal loan comes to $5,500, representing 100.0% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Island Drafting and Technical Institute, 68% finance part of their studies with federal loans, for a typical $6,752 in federal loans per year. This is 22.8% more than the $5,500 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $13,504 across two years and $27,008 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $6,752 |
| Undergraduates with a federal loan | 36 |
| Total federal loans (one year) | $243,056 |
The middle borrower at Island Drafting and Technical Institute owes $12,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Island Drafting and Technical Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $9,380 |
| 75th percentile | $17,512 |
| 90th percentile (highest-debt students) | $20,550 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Island Drafting and Technical Institute.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Island Drafting and Technical Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 20 | $20,430 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Island Drafting and Technical Institute.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Island Drafting and Technical Institute is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.1% |
| Borrowers in the cohort | 78 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $12,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $15,801 |
Federal data publishes the following gap measures for Island Drafting and Technical Institute.
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.
Important to Remember
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.