by our College Data Analytics TeamHere you will find what students actually borrow to attend New Professions Technical Institute, 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 New Professions Technical Institute, 89% of freshmen borrow to help pay for their first year, with a typical loan of $4,616 each, across private and federal loan sources.
On the federal side, the average loan is $4,616, or about 83.9% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at New Professions Technical Institute, freshmen included, 91% borrow through federal student loan programs, borrowing on average $6,931 in federal loans per year. This works out to 50.2% higher than the $4,616 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $13,862 after two years and $27,724 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 | 91% |
| Average federal loan per year | $6,931 |
| Undergraduates with a federal loan | 615 |
| Total federal loans (one year) | $4,262,445 |
The middle borrower at New Professions Technical Institute owes $6,952 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,952 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at New Professions Technical Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $5,500 |
| 75th percentile | $9,449 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at New Professions Technical Institute.
The indicators below describe what the typical debt costs to pay back at New Professions 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 New Professions Technical Institute follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.6% |
| Borrowers in the cohort | 71 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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
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.