by our College Data Analytics TeamThis page focuses on the debt students take on to attend Northwest School of Wooden Boat Building: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Northwest School of Wooden Boat Building, 57% of incoming undergraduates borrow in year one, borrowing on average $7,856 each, across private and federal loan sources.
The average federal loan is $7,856. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Northwest School of Wooden Boat Building, 37% borrow through federal student loan programs, at an average of $7,812 per year. That is 0.6% smaller than the first-year federal average of $7,856.
Borrowing the same amount each year would add up to roughly $15,624 by year two and around $31,248 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 37% |
| Average federal loan per year | $7,812 |
| Undergraduates with a federal loan | 16 |
| Total federal loans (one year) | $124,997 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Northwest School of Wooden Boat Building.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $7,667 |
| 75th percentile | $13,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Northwest School of Wooden Boat Building.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Northwest School of Wooden Boat Building appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.0% |
| Borrowers in the cohort | 24 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Subsidized vs. 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
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.