by our College Data Analytics TeamThis page focuses on the debt students take on to attend Kettering College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Kettering College, 62% of new students use loans toward freshman-year expenses, at roughly $9,445 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $6,340. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Kettering College, freshmen included, 48% finance part of their studies with federal loans, with a mean of $8,706 each per year. That is 37.3% greater than the $6,340 freshmen take on.
Repeating that yearly amount projects to about $17,412 over two years and about $34,824 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $8,706 |
| Undergraduates with a federal loan | 269 |
| Total federal loans (one year) | $2,341,931 |
Graduating and withdrawing students at Kettering College carry a median federal debt of $19,456 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $19,456 |
| Students who completed (graduates) | $23,500 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Kettering College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $33,500 |
| 90th percentile (highest-debt students) | $45,117 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Kettering College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Kettering College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 132 | $24,455 |
| Completed (graduates) | 95 | $30,852 |
| Did not complete | 37 | $16,000 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $366.86/mo.
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 Kettering College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 118 | — |
| No Stafford loan this year | 14 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. Kettering College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Kettering College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.0% |
| Borrowers in the cohort | 279 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $19,456 |
| Middle income | $19,750 |
| High income | $18,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $18,750 |
| Continuing-generation students | $19,900 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $17,500 |
| Independent students | $21,882 |
Federal data publishes the following gap measures for Kettering College.
The Difference Between Subsidized and 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.
Worth Knowing
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.