by our College Data Analytics TeamThis page focuses on the debt students take on to attend Northwestern Technological Institute— 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.
Looking at the entering class at Northwestern Technological Institute, 76% of incoming undergraduates borrow in year one, borrowing on average $5,947 per student, private and federal loans combined.
The typical federal loan comes to $5,947. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Northwestern Technological Institute, 60% borrow through federal student loan programs, with a mean of $5,729 per year. That is 3.7% under the $5,947 borrowed by freshmen.
Borrowing at that rate every year works out to about $11,458 in two years and roughly $22,916 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 | 60% |
| Average federal loan per year | $5,729 |
| Undergraduates with a federal loan | 689 |
| Total federal loans (one year) | $3,947,364 |
Graduating and withdrawing students at Northwestern Technological Institute carry a median federal debt of $8,540 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,540 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Northwestern Technological Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,363 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Northwestern Technological Institute.
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 Northwestern Technological Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 83 | $8,097 |
| Completed (graduates) | 55 | $9,268 |
| Did not complete | 28 | $4,514 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $110.21/mo.
The indicators below describe what the typical debt costs to pay back at Northwestern Technological Institute.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Northwestern Technological Institute follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.2% |
| Borrowers in the cohort | 366 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $8,917 |
| Middle income | $8,542 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,563 |
| Continuing-generation students | $8,286 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Northwestern Technological Institute.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
Did You Know?
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.