by our College Data Analytics TeamThis page focuses on the debt students take on to attend Ranken Technical College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Among first-year students at Ranken Technical College, 62% of first-year students take on loan debt, averaging $6,304 per student, private and federal loans combined.
The average federal loan is $5,360, equal to roughly 97.5% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
For undergraduates overall at Ranken Technical College, 59% borrow through federal student loan programs, at an average of $5,783 annually. That amounts to 7.9% higher than the $5,360 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $11,566 across two years and $23,132 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 59% |
| Average federal loan per year | $5,783 |
| Undergraduates with a federal loan | 1,009 |
| Total federal loans (one year) | $5,835,333 |
The median student at Ranken Technical College borrows $9,813 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,813 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Ranken Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,200 |
| 25th percentile | $5,990 |
| 75th percentile | $16,000 |
| 90th percentile (highest-debt students) | $20,000 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Ranken Technical College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Ranken Technical College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 511 | $10,500 |
| Completed (graduates) | 312 | $13,000 |
| Did not complete | 199 | $6,800 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $154.58/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Ranken Technical College.
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 489 | $10,500 |
| No Stafford loan this year | 22 | $8,987 |
These figures turn the debt totals into a monthly repayment picture for Ranken Technical College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Ranken Technical College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.1% |
| Borrowers in the cohort | 770 |
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 |
| Middle income | $10,500 |
| High income | $11,000 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,563 |
| Continuing-generation students | $10,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,500 |
| Independent students | $10,450 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Ranken Technical College.
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.
Worth Knowing
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.