by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Midwest Technical Institute - Springfield, Missouri: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at MTI - Springfield, Missouri, 64% of first-year students take on loan debt, averaging $8,165 each, across private and federal loan sources.
The average federally funded loan is $7,290. This meets or exceeds the $5,500 cap on first-year federal borrowing 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.
Counting every undergraduate at MTI - Springfield, Missouri, 69% rely on federal student loans toward their education, at an average of $8,312 each per year. This works out to 14.0% greater than the freshman federal average of $7,290.
Borrowing the same amount each year would add up to roughly $16,624 across two years and $33,248 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 69% |
| Average federal loan per year | $8,312 |
| Undergraduates with a federal loan | 439 |
| Total federal loans (one year) | $3,648,870 |
The middle borrower at MTI - Springfield, Missouri owes $9,251 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,251 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for MTI - Springfield, Missouri.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,100 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at MTI - Springfield, Missouri.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at MTI - Springfield, Missouri.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 686 | $5,999 |
| Completed (graduates) | 557 | $6,887 |
| Did not complete | 129 | $4,460 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $81.89/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at MTI - Springfield, Missouri.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 665 | $6,100 |
| No Stafford loan | 21 | $1,438 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 614 | $5,999 |
| No Stafford loan this year | 72 | $5,940 |
The indicators below describe what the typical debt costs to pay back at MTI - Springfield, Missouri.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for MTI - Springfield, Missouri is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 23.2% |
| Borrowers in the cohort | 1456 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,301 |
| Middle income | $7,301 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,251 |
| Continuing-generation students | $9,301 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at MTI - Springfield, Missouri.
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.