by our College Data Analytics TeamThis page focuses on the debt students take on to attend Minneapolis Community and Technical College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Looking at the entering class at Minneapolis Community and Technical College, 17% of incoming undergraduates borrow in year one, for an average of $6,481 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $6,370. 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.
Looking at all undergraduates at Minneapolis Community and Technical College, freshmen included, 26% rely on federal student loans toward their education, at an average of $7,643 in federal loans per year. It comes to 20.0% greater than the $6,370 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $15,286 in two years and roughly $30,572 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 26% |
| Average federal loan per year | $7,643 |
| Undergraduates with a federal loan | 1,239 |
| Total federal loans (one year) | $9,469,693 |
Graduating and withdrawing students at Minneapolis Community and Technical College carry a median federal debt of $10,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,500 |
| Students who completed (graduates) | $17,954 |
| Students who withdrew | $9,500 |
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 Minneapolis Community and Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,645 |
| 25th percentile | $4,750 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $33,400 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Minneapolis Community and Technical College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Minneapolis Community and Technical College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 527 | $13,000 |
| Completed (graduates) | 110 | $12,385 |
| Did not complete | 417 | $13,497 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $147.27/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Minneapolis Community and Technical College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 217 | $10,500 |
| No Stafford loan this year | 310 | $15,000 |
These figures turn the debt totals into a monthly repayment picture for Minneapolis Community and Technical College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Minneapolis Community and Technical College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.0% |
| Borrowers in the cohort | 3459 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $11,500 |
| Middle income | $9,500 |
| High income | $7,655 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,500 |
| Continuing-generation students | $10,126 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,000 |
| Independent students | $13,480 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Minneapolis Community and Technical College.
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
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.