by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Pike-Lincoln Technical Center— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
For incoming students at Pike-Lincoln Technical Center, 40% of incoming undergraduates borrow in year one, borrowing on average $5,569 each, across private and federal loan sources.
The average federal loan is $5,569. 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 Pike-Lincoln Technical Center, 65% use federal student loans to help pay for their education, with a mean of $7,126 per year. It comes to 28.0% higher than the freshman federal average of $5,569.
Repeating that yearly amount projects to about $14,252 across two years and $28,504 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $7,126 |
| Undergraduates with a federal loan | 24 |
| Total federal loans (one year) | $171,021 |
The median student at Pike-Lincoln Technical Center borrows $9,481 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,481 |
| Students who completed (graduates) | $9,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Pike-Lincoln Technical Center.
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 Pike-Lincoln Technical Center appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.2% |
| Borrowers in the cohort | 46 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.