by our College Data Analytics TeamHere you will find what students actually borrow to attend Pennco Tech-Blackwood, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Pennco Tech-Blackwood, 69% of incoming undergraduates borrow in year one, at roughly $8,790 each — a figure that counts both private and federal student loans.
Federal loans alone average $8,509. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Among all degree-seeking undergrads at Pennco Tech-Blackwood, 63% finance part of their studies with federal loans, for a typical $7,608 in federal loans per year. That is 10.6% lower than the first-year federal average of $8,509.
At a steady annual pace, that totals around $15,216 in two years and roughly $30,432 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $7,608 |
| Undergraduates with a federal loan | 970 |
| Total federal loans (one year) | $7,379,947 |
The middle borrower at Pennco Tech-Blackwood owes $5,922 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,922 |
| Students who completed (graduates) | $8,331 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Pennco Tech-Blackwood.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $5,204 |
| 75th percentile | $11,649 |
| 90th percentile (highest-debt students) | $17,734 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Pennco Tech-Blackwood.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Pennco Tech-Blackwood.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 237 | $7,800 |
| Completed (graduates) | 158 | $9,794 |
| Did not complete | 79 | $5,436 |
On a standard 10-year plan, the median completing borrower would pay about $116.46/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Pennco Tech-Blackwood.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 222 | — |
| No Stafford loan | 15 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 218 | $7,931 |
| No Stafford loan this year | 19 | $4,789 |
These figures turn the debt totals into a monthly repayment picture for Pennco Tech-Blackwood.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Pennco Tech-Blackwood appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 21.3% |
| Borrowers in the cohort | 784 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $5,643 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,970 |
| Continuing-generation students | $5,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $7,216 |
Federal data publishes the following gap measures for Pennco Tech-Blackwood.
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?
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.