by our College Data Analytics TeamThis page focuses on the debt students take on to attend Pinnacle Career Institute— 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.
At Pinnacle Career Institute-South Kansas City, 71% of first-year students take on loan debt, borrowing on average $8,147 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $7,503. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Pinnacle Career Institute-South Kansas City, freshmen included, 73% take out federal student loans, borrowing on average $7,645 annually. It comes to 1.9% larger than the $7,503 freshmen take on.
Borrowing at that rate every year works out to about $15,290 across two years and $30,580 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 73% |
| Average federal loan per year | $7,645 |
| Undergraduates with a federal loan | 678 |
| Total federal loans (one year) | $5,183,507 |
Graduating and withdrawing students at Pinnacle Career Institute-South Kansas City carry a median federal debt of $8,146 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,146 |
| Students who completed (graduates) | $11,605 |
| Students who withdrew | $5,499 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Pinnacle Career Institute-South Kansas City.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,110 |
| 25th percentile | $5,814 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $17,637 |
How wide this percentile range is tells you how much borrowing varies across students at Pinnacle Career Institute-South Kansas City.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Pinnacle Career Institute-South Kansas City.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 62 | $6,624 |
| Completed (graduates) | 35 | $10,032 |
| Did not complete | 27 | $3,535 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $119.29/mo.
The indicators below describe what the typical debt costs to pay back at Pinnacle Career Institute-South Kansas City.
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 Pinnacle Career Institute-South Kansas City is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.2% |
| Borrowers in the cohort | 1277 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,917 |
| Middle income | $9,500 |
| High income | $7,917 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,292 |
| Continuing-generation students | $8,061 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,600 |
| Independent students | $9,161 |
Federal data publishes the following gap measures for Pinnacle Career Institute-South Kansas City.
Subsidized vs. 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
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.