by our College Data Analytics TeamThis page focuses on the debt students take on to attend Mid-State Technical College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Mid-State specifically, 27% of incoming undergraduates borrow in year one, averaging $3,516 each — a figure that counts both private and federal student loans.
On the federal side, the average loan is $3,297, or about 59.9% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Mid-State, 24% borrow through federal student loan programs, averaging $3,816 in federal loans per year. That amounts to 15.7% more than the $3,297 borrowed by freshmen.
Borrowing at that rate every year works out to about $7,632 after two years and $15,264 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 24% |
| Average federal loan per year | $3,816 |
| Undergraduates with a federal loan | 501 |
| Total federal loans (one year) | $1,911,942 |
Graduating and withdrawing students at Mid-State carry a median federal debt of $5,112 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,112 |
| Students who completed (graduates) | $8,000 |
| Students who withdrew | $3,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Mid-State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,750 |
| 75th percentile | $9,750 |
| 90th percentile (highest-debt students) | $17,250 |
How wide this percentile range is tells you how much borrowing varies across students at Mid-State.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Mid-State.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 124 | $9,895 |
| Completed (graduates) | 51 | $8,000 |
| Did not complete | 73 | $10,000 |
On a standard 10-year plan, the median completing borrower would pay about $95.13/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Mid-State.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 58 | $6,697 |
| No Stafford loan this year | 66 | $10,799 |
These figures turn the debt totals into a monthly repayment picture for Mid-State.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Mid-State is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.5% |
| Borrowers in the cohort | 828 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $5,250 |
| Middle income | $4,582 |
| High income | $4,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,177 |
| Continuing-generation students | $4,513 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,499 |
| Independent students | $5,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Mid-State.
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.
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.