by our College Data Analytics TeamHere you will find what students actually borrow to attend NASCAR Technical Institute: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at NASCAR Technical Institute, 79% of incoming undergraduates borrow in year one, averaging $9,201 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $6,290. This reaches or tops the $5,500 first-year federal borrowing cap for a 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.
Looking at all undergraduates at NASCAR Technical Institute, freshmen included, 63% finance part of their studies with federal loans, with a mean of $5,998 a year. This works out to 4.6% lower than the $6,290 freshmen take on.
Borrowing at that rate every year works out to about $11,996 after two years and $23,992 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $5,998 |
| Undergraduates with a federal loan | 1,104 |
| Total federal loans (one year) | $6,621,355 |
Graduating and withdrawing students at NASCAR Technical Institute carry a median federal debt of $11,183 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,183 |
| Students who completed (graduates) | $13,124 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 NASCAR Technical Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,450 |
| 25th percentile | $8,500 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $24,578 |
How wide this percentile range is tells you how much borrowing varies across students at NASCAR Technical Institute.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for NASCAR Technical Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 3221 | $14,740 |
| Completed (graduates) | 2157 | $17,670 |
| Did not complete | 1064 | $8,412 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $210.12/mo.
Federal data lets us separate Stafford borrowers from the rest at NASCAR Technical Institute.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 3082 | $15,191 |
| No Stafford loan | 139 | $3,037 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 3052 | $15,212 |
| No Stafford loan this year | 169 | $3,391 |
These figures turn the debt totals into a monthly repayment picture for NASCAR Technical Institute.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for NASCAR Technical Institute follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.8% |
| Borrowers in the cohort | 6862 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,827 |
| Middle income | $11,688 |
| High income | $11,495 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,168 |
| Continuing-generation students | $11,998 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,254 |
| Independent students | $10,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at NASCAR Technical Institute.
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.
Worth Knowing
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.