by our College Data Analytics TeamThis page focuses on the debt students take on to attend PITC 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.
Looking at the entering class at PITC Institute, 100% of first-year students take on loan debt, for an average of $7,603 each — a figure that counts both private and federal student loans.
The average federally funded loan is $7,603. That sits at or beyond the $5,500 first-year federal limit 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.
Looking at all undergraduates at PITC Institute, freshmen included, 50% take out federal student loans, for a typical $11,561 annually. That is 52.1% higher than the $7,603 freshmen take on.
Repeating that yearly amount projects to about $23,122 after two years and $46,244 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 50% |
| Average federal loan per year | $11,561 |
| Undergraduates with a federal loan | 164 |
| Total federal loans (one year) | $1,896,058 |
The median student at PITC Institute borrows $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $16,722 |
| Students who withdrew | $7,016 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at PITC Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,452 |
| 25th percentile | $4,750 |
| 75th percentile | $13,433 |
| 90th percentile (highest-debt students) | $15,750 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at PITC Institute.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at PITC Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 39 | $6,987 |
These figures turn the debt totals into a monthly repayment picture for PITC Institute.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for PITC Institute appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 24 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,861 |
| Continuing-generation students | $9,500 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,897 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at PITC Institute.
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.