by our College Data Analytics TeamThis page focuses on the debt students take on to attend New Community Career & Technical Institute, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At NCCTI, 42% of incoming undergraduates borrow in year one, at roughly $2,043 per borrower, covering both private and federal loans.
On the federal side, the average loan is $2,043, or about 37.1% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at NCCTI, 27% use federal student loans to help pay for their education, borrowing on average $2,043 in federal loans per year.
Repeating that yearly amount projects to about $4,086 by year two and around $8,172 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 27% |
| Average federal loan per year | $2,043 |
| Undergraduates with a federal loan | 35 |
| Total federal loans (one year) | $71,490 |
Graduating and withdrawing students at NCCTI carry a median federal debt of $1,932 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $1,932 |
| Students who completed (graduates) | $2,808 |
| Students who withdrew | $1,404 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The indicators below describe what the typical debt costs to pay back at NCCTI.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $1,932 |
| Independent students | $1,932 |
Federal data publishes the following gap measures for NCCTI.
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
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.