by our College Data Analytics TeamThis page focuses on the debt students take on to attend New England Tractor Trailer Training School of Massachusetts, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at NETTTS, 84% of incoming undergraduates borrow in year one, borrowing on average $6,510 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $6,510. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at NETTTS, freshmen included, 64% finance part of their studies with federal loans, averaging $6,176 annually. It comes to 5.1% smaller than the $6,510 borrowed by freshmen.
Repeating that yearly amount projects to about $12,352 after two years and $24,704 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $6,176 |
| Undergraduates with a federal loan | 644 |
| Total federal loans (one year) | $3,977,272 |
The median student at NETTTS borrows $6,333 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,167 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 NETTTS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $4,750 |
| 75th percentile | $6,333 |
| 90th percentile (highest-debt students) | $6,333 |
How wide this percentile range is tells you how much borrowing varies across students at NETTTS.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at NETTTS.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 311 | $4,497 |
| Completed (graduates) | 207 | $6,096 |
| Did not complete | 104 | $3,352 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $72.49/mo.
Federal data lets us separate Stafford borrowers from the rest at NETTTS.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 301 | — |
| No Stafford loan | 10 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 295 | — |
| No Stafford loan this year | 16 | — |
Repayment burden translates the debt figures into what a borrower actually pays each month. NETTTS.
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 NETTTS follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.7% |
| Borrowers in the cohort | 513 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $6,333 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at NETTTS.
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.
Worth Knowing
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.