by our College Data Analytics TeamThis page focuses on the debt students take on to attend Universal Technical Institute-Canton: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
For incoming students at MIAT College of Technology, 74% of freshmen borrow to help pay for their first year, borrowing on average $9,993 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $9,993. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at MIAT College of Technology, 35% use federal student loans to help pay for their education, with a mean of $9,855 per year. It comes to 1.4% below the $9,993 freshmen take on.
Borrowing at that rate every year works out to about $19,710 after two years and $39,420 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 35% |
| Average federal loan per year | $9,855 |
| Undergraduates with a federal loan | 577 |
| Total federal loans (one year) | $5,686,248 |
The median student at MIAT College of Technology borrows $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $12,801 |
| Students who withdrew | $6,724 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for MIAT College of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $7,665 |
| 75th percentile | $19,752 |
| 90th percentile (highest-debt students) | $24,166 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at MIAT College of Technology.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at MIAT College of Technology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 292 | $9,337 |
| Completed (graduates) | 197 | $9,680 |
| Did not complete | 95 | $8,084 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $115.11/mo.
Federal data lets us separate Stafford borrowers from the rest at MIAT College of Technology.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 277 | — |
| No Stafford loan this year | 15 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. MIAT College of Technology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for MIAT College of Technology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 7.2% |
| Borrowers in the cohort | 721 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,834 |
| High income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $11,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,969 |
| Independent students | $11,875 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at MIAT College of Technology.
Subsidized vs. 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.
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.