by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Modern Welding School— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Modern Welding School, 58% of freshmen borrow to help pay for their first year, with a typical loan of $6,981 per student, private and federal loans combined.
On the federal side, the average loan is $6,981. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Modern Welding School, freshmen included, 57% borrow through federal student loan programs, with a mean of $6,753 per year. That is 3.3% under the $6,981 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $13,506 by year two and around $27,012 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 | 57% |
| Average federal loan per year | $6,753 |
| Undergraduates with a federal loan | 49 |
| Total federal loans (one year) | $330,900 |
Graduating and withdrawing students at Modern Welding School carry a median federal debt of $5,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Modern Welding School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at Modern Welding School.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Modern Welding School.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 42 | $11,175 |
The indicators below describe what the typical debt costs to pay back at Modern Welding School.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Modern Welding School appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 22.5% |
| Borrowers in the cohort | 120 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,019 |
| Middle income | $5,500 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,734 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Modern Welding School.
Subsidized vs. 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.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.