by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Owensboro Community and Technical College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Owensboro Community and Technical College, 11% of first-year students take on loan debt, averaging $4,841 per student, private and federal loans combined.
On the federal side, the average loan is $4,841, equal to roughly 88.0% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Owensboro Community and Technical College, 16% use federal student loans to help pay for their education, borrowing on average $5,349 annually. That is 10.5% more than the freshman federal average of $4,841.
Borrowing at that rate every year works out to about $10,698 after two years and $21,396 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 | 16% |
| Average federal loan per year | $5,349 |
| Undergraduates with a federal loan | 404 |
| Total federal loans (one year) | $2,160,983 |
The median student at Owensboro Community and Technical College borrows $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $7,933 |
| Students who withdrew | $4,755 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Owensboro Community and Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,500 |
| 25th percentile | $2,580 |
| 75th percentile | $11,000 |
| 90th percentile (highest-debt students) | $17,871 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Owensboro Community and Technical College.
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 Owensboro Community and Technical College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 174 | $10,000 |
| Completed (graduates) | 58 | $8,624 |
| Did not complete | 116 | $10,381 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $102.55/mo.
Federal data lets us separate Stafford borrowers from the rest at Owensboro Community and Technical College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 61 | $8,000 |
| No Stafford loan this year | 113 | $11,800 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Owensboro Community and Technical College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Owensboro Community and Technical College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.9% |
| Borrowers in the cohort | 745 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $5,945 |
| Middle income | $6,500 |
| High income | $5,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,549 |
| Continuing-generation students | $5,244 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,161 |
| Independent students | $6,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Owensboro Community and Technical College.
The Difference Between 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
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.