by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Laurel Technical Institute, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at LTI Sharon, 89% of incoming students take out a loan to help cover first-year costs, averaging $11,807 each, across private and federal loan sources.
On the federal side, the average loan is $10,051. This is at or above the $5,500 first-year federal borrowing cap that applies to 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.
Among all degree-seeking undergrads at LTI Sharon, 82% finance part of their studies with federal loans, averaging $10,097 annually. That is 0.5% higher than the freshman federal average of $10,051.
Carrying that yearly figure forward comes to roughly $20,194 over two years and about $40,388 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 82% |
| Average federal loan per year | $10,097 |
| Undergraduates with a federal loan | 131 |
| Total federal loans (one year) | $1,322,726 |
The middle borrower at LTI Sharon owes $9,080 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,080 |
| Students who completed (graduates) | $10,706 |
| Students who withdrew | $4,980 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for LTI Sharon.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $14,750 |
| 90th percentile (highest-debt students) | $20,418 |
How wide this percentile range is tells you how much borrowing varies across students at LTI Sharon.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at LTI Sharon.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 62 | $8,655 |
The indicators below describe what the typical debt costs to pay back at LTI Sharon.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for LTI Sharon appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.2% |
| Borrowers in the cohort | 195 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,079 |
| Middle income | $9,480 |
| High income | $9,468 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,072 |
| Continuing-generation students | $10,171 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,750 |
| Independent students | $10,585 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at LTI Sharon.
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.