by our College Data Analytics TeamThis page focuses on the debt students take on to attend Monty Tech, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Monty Tech, 100% of incoming undergraduates borrow in year one, at roughly $8,424 per student, private and federal loans combined.
Federal loans alone average $8,424. This is at or above the $5,500 first-year federal borrowing cap that applies to 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.
Among all degree-seeking undergrads at Monty Tech, 76% rely on federal student loans toward their education, with a mean of $8,473 in federal loans per year. That amounts to 0.6% larger than the freshman federal average of $8,424.
Repeating that yearly amount projects to about $16,946 after two years and $33,892 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 76% |
| Average federal loan per year | $8,473 |
| Undergraduates with a federal loan | 25 |
| Total federal loans (one year) | $211,813 |
Graduating and withdrawing students at Monty Tech carry a median federal debt of $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Monty Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $9,500 |
| 75th percentile | $9,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Monty Tech.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Monty Tech appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 2.8% |
| Borrowers in the cohort | 25 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Middle income | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Monty Tech.
The Difference Between Subsidized and Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.