by our College Data Analytics TeamHere you will find what students actually borrow to attend Northcentral Technical College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at North Central Technical College, 26% of freshmen borrow to help pay for their first year, with a typical loan of $3,632 each — a figure that counts both private and federal student loans.
Federal loans alone average $3,632, amounting to 66.0% of the typical first-year dependent student borrowing cap of $5,500. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at North Central Technical College (freshmen included), 23% borrow through federal student loan programs, at an average of $3,979 a year. That amounts to 9.6% greater than the $3,632 freshmen take on.
Borrowing at that rate every year works out to about $7,958 across two years and $15,916 by the fourth year. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 23% |
| Average federal loan per year | $3,979 |
| Undergraduates with a federal loan | 810 |
| Total federal loans (one year) | $3,223,065 |
The median student at North Central Technical College borrows $5,250 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,250 |
| Students who completed (graduates) | $7,500 |
| Students who withdrew | $3,631 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at North Central Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,250 |
| 75th percentile | $10,000 |
| 90th percentile (highest-debt students) | $17,563 |
How wide this percentile range is tells you how much borrowing varies across students at North Central Technical College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for North Central Technical College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 194 | $8,660 |
| Completed (graduates) | 84 | $7,290 |
| Did not complete | 110 | $9,667 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $86.69/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at North Central Technical College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 92 | $6,996 |
| No Stafford loan this year | 102 | $10,753 |
These figures turn the debt totals into a monthly repayment picture for North Central Technical College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for North Central Technical College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 9.7% |
| Borrowers in the cohort | 1066 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $5,250 |
| Middle income | $5,250 |
| High income | $5,000 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,250 |
| Continuing-generation students | $5,019 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,723 |
| Independent students | $5,490 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at North Central 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.
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.