by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Professional Skills Institute, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Among first-year students at Professional Skills Institute, 90% of freshmen borrow to help pay for their first year, at roughly $6,004 each, across private and federal loan sources.
The average federally funded loan is $6,004. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Professional Skills Institute (freshmen included), 86% borrow through federal student loan programs, at an average of $7,965 annually. That amounts to 32.7% higher than the first-year federal average of $6,004.
Repeating that yearly amount projects to about $15,930 by year two and around $31,860 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 86% |
| Average federal loan per year | $7,965 |
| Undergraduates with a federal loan | 346 |
| Total federal loans (one year) | $2,755,917 |
The median student at Professional Skills Institute borrows $12,667 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,667 |
| Students who completed (graduates) | $17,813 |
| Students who withdrew | $6,333 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Professional Skills Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $6,334 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $24,594 |
How wide this percentile range is tells you how much borrowing varies across students at Professional Skills Institute.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Professional Skills Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 59 | $9,646 |
| Completed (graduates) | 38 | $10,721 |
| Did not complete | 21 | $7,480 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $127.48/mo.
These figures turn the debt totals into a monthly repayment picture for Professional Skills Institute.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Professional Skills Institute is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.1% |
| Borrowers in the cohort | 274 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $12,667 |
| Middle income | $14,744 |
| High income | $16,355 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,667 |
| Continuing-generation students | $16,238 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $12,798 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Professional Skills Institute.
The Difference Between Subsidized and 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.