by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Morrison Institute of Technology: 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.
For incoming students at Morrison Institute of Technology, 79% of freshmen borrow to help pay for their first year, at roughly $6,483 per borrower, covering both private and federal loans.
Federal loans alone average $5,304, amounting to 96.4% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Morrison Institute of Technology (freshmen included), 80% finance part of their studies with federal loans, for a typical $5,913 a year. That is 11.5% higher than the freshman federal average of $5,304.
At a steady annual pace, that totals around $11,826 in two years and roughly $23,652 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 | 80% |
| Average federal loan per year | $5,913 |
| Undergraduates with a federal loan | 43 |
| Total federal loans (one year) | $254,250 |
The median student at Morrison Institute of Technology borrows $12,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $5,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Morrison Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $9,500 |
| 75th percentile | $12,000 |
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Morrison Institute of Technology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 46 | $15,923 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Morrison Institute of Technology.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Morrison Institute of Technology appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 4.2% |
| Borrowers in the cohort | 47 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,984 |
| Middle income | $12,000 |
| High income | $12,000 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Morrison Institute of Technology.
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.
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.