by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Morris County Vocational School District: 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.
Among first-year students at Morris County School of Technology, 53% of first-year students take on loan debt, for an average of $8,328 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $8,328. 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.
For undergraduates overall at Morris County School of Technology, 46% borrow through federal student loan programs, with a mean of $7,505 a year. That amounts to 9.9% under the freshman federal average of $8,328.
Carrying that yearly figure forward comes to roughly $15,010 across two years and $30,020 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 46% |
| Average federal loan per year | $7,505 |
| Undergraduates with a federal loan | 25 |
| Total federal loans (one year) | $187,622 |
The median student at Morris County School of Technology borrows $5,990 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,990 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Morris County School of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $3,500 |
| 75th percentile | $9,500 |
These figures turn the debt totals into a monthly repayment picture for Morris County School of Technology.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Morris County School of Technology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.0% |
| Borrowers in the cohort | 21 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,500 |
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
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.