by our College Data Analytics TeamThis page focuses on the debt students take on to attend Modern Technology School, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Modern Technology School, 68% of incoming students take out a loan to help cover first-year costs, borrowing on average $9,269 each — a figure that counts both private and federal student loans.
The typical federal loan comes to $9,269. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Modern Technology School, 65% use federal student loans to help pay for their education, for a typical $8,704 annually. This is 6.1% below the $9,269 typical freshmen borrow.
Borrowing at that rate every year works out to about $17,408 by year two and around $34,816 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $8,704 |
| Undergraduates with a federal loan | 73 |
| Total federal loans (one year) | $635,409 |
Graduating and withdrawing students at Modern Technology School carry a median federal debt of $11,430 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,430 |
| Students who completed (graduates) | $14,875 |
| Students who withdrew | $3,785 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Modern Technology School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,056 |
| 25th percentile | $6,668 |
| 75th percentile | $15,625 |
| 90th percentile (highest-debt students) | $24,836 |
How wide this percentile range is tells you how much borrowing varies across students at Modern Technology School.
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 Modern Technology School.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 22 | $10,217 |
The indicators below describe what the typical debt costs to pay back at Modern Technology School.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Modern Technology School appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.5% |
| Borrowers in the cohort | 111 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,095 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,811 |
| Continuing-generation students | $15,625 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,125 |
| Independent students | $12,213 |
Federal data publishes the following gap measures for Modern Technology School.
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.
Did You Know?
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.