by our College Data Analytics TeamThis page focuses on the debt students take on to attend Pickaway Ross Joint Vocational School District: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Among first-year students at Pickaway-Ross Career & Technology Center, 27% of new students use loans toward freshman-year expenses, for an average of $4,120 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $4,120, or about 74.9% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Pickaway-Ross Career & Technology Center, 30% rely on federal student loans toward their education, borrowing on average $6,843 in federal loans per year. That amounts to 66.1% larger than the $4,120 typical freshmen borrow.
Carrying that yearly figure forward comes to roughly $13,686 by year two and around $27,372 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 30% |
| Average federal loan per year | $6,843 |
| Undergraduates with a federal loan | 122 |
| Total federal loans (one year) | $834,838 |
The middle borrower at Pickaway-Ross Career & Technology Center owes $5,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $5,500 |
| Students who withdrew | $2,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Pickaway-Ross Career & Technology Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
How wide this percentile range is tells you how much borrowing varies across students at Pickaway-Ross Career & Technology Center.
The indicators below describe what the typical debt costs to pay back at Pickaway-Ross Career & Technology Center.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Pickaway-Ross Career & Technology Center follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.0% |
| Borrowers in the cohort | 105 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $5,500 |
| Middle income | $5,500 |
| High income | $3,666 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $4,750 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,826 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Pickaway-Ross Career & Technology Center.
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
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.