by our College Data Analytics TeamHere you will find what students actually borrow to attend More Tech Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At More Tech Institute specifically, 100% of new students use loans toward freshman-year expenses, for an average of $3,965 each, across private and federal loan sources.
Federal loans alone average $3,965, amounting to 72.1% of the $5,500 cap on first-year federal borrowing for the typical 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.
Among all degree-seeking undergrads at More Tech Institute, 80% rely on federal student loans toward their education, at an average of $3,965 in federal loans per year.
Repeating that yearly amount projects to about $7,930 in two years and roughly $15,860 over four years. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 80% |
| Average federal loan per year | $3,965 |
| Undergraduates with a federal loan | 117 |
| Total federal loans (one year) | $463,852 |
The median student at More Tech Institute borrows $6,186 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,186 |
The indicators below describe what the typical debt costs to pay back at More Tech Institute.
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.