by our College Data Analytics TeamThis page focuses on the debt students take on to attend Perry Technical Institute, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Perry Tech specifically, 68% of freshmen borrow to help pay for their first year, at roughly $6,220 per borrower, covering both private and federal loans.
On the federal side, the average loan is $5,225, representing 95.0% of the typical first-year dependent student borrowing cap of $5,500. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Perry Tech, 60% take out federal student loans, borrowing on average $6,156 a year. That amounts to 17.8% greater than the $5,225 freshmen take on.
Repeating that yearly amount projects to about $12,312 after two years and $24,624 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 | 60% |
| Average federal loan per year | $6,156 |
| Undergraduates with a federal loan | 874 |
| Total federal loans (one year) | $5,379,982 |
The median student at Perry Tech borrows $13,364 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,364 |
| Students who completed (graduates) | $14,139 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Perry Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,666 |
| 25th percentile | $7,892 |
| 75th percentile | $21,146 |
| 90th percentile (highest-debt students) | $27,802 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Perry Tech.
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 Perry Tech.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 93 | $17,650 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Perry Tech.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Perry Tech follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.2% |
| Borrowers in the cohort | 352 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $13,364 |
| Middle income | $13,017 |
| High income | $14,415 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,364 |
| Continuing-generation students | $14,415 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $13,364 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Perry Tech.
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.
Important to Remember
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.