by our College Data Analytics TeamHere you will find what students actually borrow to attend Oklahoma State University 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.
At OSU Institute of Technology specifically, 42% of incoming undergraduates borrow in year one, at roughly $6,889 per borrower, covering both private and federal loans.
The typical federal loan comes to $5,576. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at OSU Institute of Technology (freshmen included), 38% rely on federal student loans toward their education, averaging $6,560 annually. That is 17.6% greater than the freshman federal average of $5,576.
Repeating that yearly amount projects to about $13,120 over two years and about $26,240 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 38% |
| Average federal loan per year | $6,560 |
| Undergraduates with a federal loan | 819 |
| Total federal loans (one year) | $5,373,022 |
The middle borrower at OSU Institute of Technology owes $9,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,000 |
| Students who completed (graduates) | $11,334 |
| Students who withdrew | $6,105 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for OSU Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,668 |
| 75th percentile | $14,418 |
| 90th percentile (highest-debt students) | $22,130 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at OSU Institute of Technology.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for OSU Institute of Technology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 279 | $13,328 |
| Completed (graduates) | 132 | $17,899 |
| Did not complete | 147 | $10,193 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $212.84/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 OSU Institute of Technology.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 268 | — |
| No Stafford loan | 11 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 244 | $13,559 |
| No Stafford loan this year | 35 | $10,412 |
The indicators below describe what the typical debt costs to pay back at OSU Institute of Technology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for OSU Institute of Technology follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 18.4% |
| Borrowers in the cohort | 804 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,000 |
| High income | $7,917 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,143 |
| Continuing-generation students | $8,240 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,336 |
| Independent students | $11,470 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at OSU Institute of Technology.
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.
Worth Knowing
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.