by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Philadelphia Technician Training— 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.
Among first-year students at Philadelphia Technician Training Institute, 82% of incoming students take out a loan to help cover first-year costs, for an average of $7,342 per borrower, covering both private and federal loans.
Federal loans alone average $7,342. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Among all degree-seeking undergrads at Philadelphia Technician Training Institute, 80% take out federal student loans, averaging $7,434 annually. That amounts to 1.3% greater than the freshman federal average of $7,342.
Borrowing the same amount each year would add up to roughly $14,868 by year two and around $29,736 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 80% |
| Average federal loan per year | $7,434 |
| Undergraduates with a federal loan | 986 |
| Total federal loans (one year) | $7,329,777 |
The middle borrower at Philadelphia Technician Training Institute owes $9,500 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Philadelphia Technician Training Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Philadelphia Technician Training Institute.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Philadelphia Technician Training Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 69 | $6,856 |
| Completed (graduates) | 41 | $6,856 |
| Did not complete | 28 | $6,843 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $81.53/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 Philadelphia Technician Training Institute.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 58 | — |
| No Stafford loan this year | 11 | — |
These figures turn the debt totals into a monthly repayment picture for Philadelphia Technician Training Institute.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $5,500 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $6,552 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for Philadelphia Technician Training Institute.
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.
Did You Know?
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.