by our College Data Analytics TeamThis page focuses on the debt students take on to attend New England 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.
Looking at the entering class at New England Tech, 71% of incoming undergraduates borrow in year one, at roughly $11,387 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $5,704. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at New England Tech (freshmen included), 74% take out federal student loans, borrowing on average $7,891 a year. That is 38.3% greater than the $5,704 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $15,782 across two years and $31,564 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 74% |
| Average federal loan per year | $7,891 |
| Undergraduates with a federal loan | 1,219 |
| Total federal loans (one year) | $9,619,033 |
Graduating and withdrawing students at New England Tech carry a median federal debt of $12,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
| Students who completed (graduates) | $16,668 |
| Students who withdrew | $6,334 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 New England Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,502 |
| 75th percentile | $20,734 |
| 90th percentile (highest-debt students) | $30,332 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at New England Tech.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at New England Tech.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 654 | $21,200 |
| Completed (graduates) | 343 | $25,881 |
| Did not complete | 311 | $16,829 |
On a standard 10-year plan, the median completing borrower would pay about $307.75/mo.
Federal data lets us separate Stafford borrowers from the rest at New England Tech.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 628 | $21,547 |
| No Stafford loan this year | 26 | $10,215 |
These figures turn the debt totals into a monthly repayment picture for New England Tech.
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 New England Tech is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 1.7% |
| Borrowers in the cohort | 1734 |
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 | $13,000 |
| Middle income | $12,000 |
| High income | $12,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,000 |
| Continuing-generation students | $12,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $14,125 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at New England Tech.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Did You Know?
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.