by our College Data Analytics TeamHere you will find what students actually borrow to attend Mitchell 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.
For incoming students at Mitchell Tech, 47% of new students use loans toward freshman-year expenses, borrowing on average $6,052 each, across private and federal loan sources.
Federal loans alone average $5,101, or about 92.7% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Mitchell Tech (freshmen included), 50% use federal student loans to help pay for their education, for a typical $5,391 per year. This is 5.7% more than the first-year federal average of $5,101.
Carrying that yearly figure forward comes to roughly $10,782 by year two and around $21,564 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 50% |
| Average federal loan per year | $5,391 |
| Undergraduates with a federal loan | 480 |
| Total federal loans (one year) | $2,587,541 |
Graduating and withdrawing students at Mitchell Tech carry a median federal debt of $8,403 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,403 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $5,500 |
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 Mitchell Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,500 |
| 75th percentile | $12,583 |
| 90th percentile (highest-debt students) | $20,000 |
How wide this percentile range is tells you how much borrowing varies across students at Mitchell Tech.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Mitchell Tech.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 106 | $10,916 |
| Completed (graduates) | 77 | $11,995 |
| Did not complete | 29 | $8,531 |
On a standard 10-year plan, the median completing borrower would pay about $142.63/mo.
Federal data lets us separate Stafford borrowers from the rest at Mitchell Tech.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 93 | — |
| No Stafford loan this year | 13 | — |
These figures turn the debt totals into a monthly repayment picture for Mitchell Tech.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Mitchell Tech follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.1% |
| Borrowers in the cohort | 424 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,311 |
| Middle income | $8,550 |
| High income | $6,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,500 |
| Continuing-generation students | $8,093 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,383 |
| Independent students | $10,687 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Mitchell Tech.
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.