by our College Data Analytics TeamThis page focuses on the debt students take on to attend New River Community and Technical College: 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 River Community and Technical College, 11% of incoming undergraduates borrow in year one, with a typical loan of $4,744 per borrower, covering both private and federal loans.
The typical federal loan comes to $4,744, which is 86.3% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at New River Community and Technical College, freshmen included, 19% take out federal student loans, borrowing on average $4,921 each per year. That amounts to 3.7% more than the freshman federal average of $4,744.
Carrying that yearly figure forward comes to roughly $9,842 over two years and about $19,684 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 19% |
| Average federal loan per year | $4,921 |
| Undergraduates with a federal loan | 147 |
| Total federal loans (one year) | $723,368 |
Graduating and withdrawing students at New River Community and Technical College carry a median federal debt of $5,177 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,177 |
| Students who completed (graduates) | $7,250 |
| Students who withdrew | $4,000 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for New River Community and Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,733 |
| 25th percentile | $2,594 |
| 75th percentile | $7,085 |
| 90th percentile (highest-debt students) | $11,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at New River Community and Technical College.
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 New River Community and Technical College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 71 | $9,076 |
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at New River Community and Technical College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 18 | — |
| No Stafford loan this year | 53 | — |
These figures turn the debt totals into a monthly repayment picture for New River Community and Technical College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for New River Community and Technical College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 30.5% |
| Borrowers in the cohort | 812 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $4,514 |
| Middle income | $5,202 |
| High income | $5,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,211 |
| Continuing-generation students | $4,300 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,950 |
| Independent students | $5,393 |
Federal data publishes the following gap measures for New River Community and Technical College.
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.