by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Oregon Institute of Technology— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Among first-year students at OIT, 46% of incoming undergraduates borrow in year one, averaging $6,492 each, across private and federal loan sources.
The average federally funded loan is $4,953, representing 90.1% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at OIT, freshmen included, 39% take out federal student loans, borrowing on average $7,266 each per year. It comes to 46.7% greater than the $4,953 typical freshmen borrow.
Borrowing at that rate every year works out to about $14,532 across two years and $29,064 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $7,266 |
| Undergraduates with a federal loan | 1,125 |
| Total federal loans (one year) | $8,174,354 |
Graduating and withdrawing students at OIT carry a median federal debt of $15,625 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,625 |
| Students who completed (graduates) | $22,500 |
| Students who withdrew | $8,693 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for OIT.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,500 |
| 75th percentile | $27,529 |
| 90th percentile (highest-debt students) | $37,212 |
How wide this percentile range is tells you how much borrowing varies across students at OIT.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for OIT.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 525 | $17,595 |
| Completed (graduates) | 202 | $22,978 |
| Did not complete | 323 | $15,021 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $273.23/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at OIT.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 508 | — |
| No Stafford loan | 17 | — |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 391 | $18,500 |
| No Stafford loan this year | 134 | $15,109 |
Repayment burden translates the debt figures into what a borrower actually pays each month. OIT.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for OIT appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.0% |
| Borrowers in the cohort | 778 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $17,500 |
| Middle income | $15,265 |
| High income | $13,000 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,765 |
| Continuing-generation students | $14,673 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $13,167 |
| Independent students | $16,987 |
Federal data publishes the following gap measures for OIT.
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.