by our College Data Analytics TeamHere you will find what students actually borrow to attend New York Institute of Technology— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
Looking at the entering class at NYIT, 45% of incoming undergraduates borrow in year one, with a typical loan of $6,669 each, across private and federal loan sources.
The average federally funded loan is $5,048, or about 91.8% of the typical first-year dependent student borrowing cap of $5,500. 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 NYIT, freshmen included, 45% use federal student loans to help pay for their education, at an average of $6,385 a year. That amounts to 26.5% higher than the $5,048 freshmen take on.
At a steady annual pace, that totals around $12,770 over two years and about $25,540 after four. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 45% |
| Average federal loan per year | $6,385 |
| Undergraduates with a federal loan | 1,497 |
| Total federal loans (one year) | $9,557,744 |
The median student at NYIT borrows $17,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $17,000 |
| Students who completed (graduates) | $23,334 |
| Students who withdrew | $8,250 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for NYIT.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $6,750 |
| 75th percentile | $28,000 |
| 90th percentile (highest-debt students) | $37,250 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at NYIT.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for NYIT.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 932 | $30,425 |
| Completed (graduates) | 608 | $39,731 |
| Did not complete | 324 | $21,544 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $472.44/mo.
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 NYIT.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 913 | $30,700 |
| No Stafford loan | 19 | $19,310 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 852 | $31,075 |
| No Stafford loan this year | 80 | $22,660 |
Repayment burden translates the debt figures into what a borrower actually pays each month. NYIT.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for NYIT follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.7% |
| Borrowers in the cohort | 2211 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $18,000 |
| Middle income | $17,000 |
| High income | $16,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $17,500 |
| Continuing-generation students | $16,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,000 |
| Independent students | $25,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at NYIT.
The Difference Between Subsidized and Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.