by our College Data Analytics TeamHere you will find what students actually borrow to attend New Castle School of Trades— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at New Castle School of Trades, 68% of new students use loans toward freshman-year expenses, at roughly $6,642 each, across private and federal loan sources.
The average federally funded loan is $6,642. 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 New Castle School of Trades, 52% take out federal student loans, for a typical $6,260 annually. That amounts to 5.8% smaller than the $6,642 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $12,520 after two years and $25,040 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 | 52% |
| Average federal loan per year | $6,260 |
| Undergraduates with a federal loan | 497 |
| Total federal loans (one year) | $3,111,399 |
The middle borrower at New Castle School of Trades owes $8,315 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,315 |
| Students who completed (graduates) | $9,567 |
| Students who withdrew | $3,668 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for New Castle School of Trades.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,054 |
| 25th percentile | $5,500 |
| 75th percentile | $11,972 |
| 90th percentile (highest-debt students) | $15,058 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at New Castle School of Trades.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at New Castle School of Trades.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 71 | $9,795 |
The indicators below describe what the typical debt costs to pay back at New Castle School of Trades.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for New Castle School of Trades appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.8% |
| Borrowers in the cohort | 476 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,741 |
| Middle income | $9,500 |
| High income | $9,833 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,004 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,277 |
| Independent students | $8,627 |
Federal data publishes the following gap measures for New Castle School of Trades.
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.