by our College Data Analytics TeamHere you will find what students actually borrow to attend Milan Institute-Amarillo: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Milan Institute-Amarillo, 63% of first-year students take on loan debt, averaging $5,128 each — a figure that counts both private and federal student loans.
Federal loans alone average $5,128, representing 93.2% 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 Milan Institute-Amarillo, 67% use federal student loans to help pay for their education, at an average of $5,530 per year. That amounts to 7.8% more than the $5,128 typical freshmen borrow.
Repeating that yearly amount projects to about $11,060 over two years and about $22,120 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $5,530 |
| Undergraduates with a federal loan | 234 |
| Total federal loans (one year) | $1,293,905 |
The median student at Milan Institute-Amarillo borrows $7,618 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,618 |
| Students who completed (graduates) | $7,702 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Milan Institute-Amarillo.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,729 |
| 25th percentile | $5,346 |
| 75th percentile | $9,436 |
| 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 Milan Institute-Amarillo.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Milan Institute-Amarillo.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 36 | $3,879 |
The indicators below describe what the typical debt costs to pay back at Milan Institute-Amarillo.
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 Milan Institute-Amarillo follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.4% |
| Borrowers in the cohort | 845 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,690 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $8,731 |
Federal data publishes the following gap measures for Milan Institute-Amarillo.
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.
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.