by our College Data Analytics TeamBelow is federal data on the loans students use to pay for School of Automotive Machinists & Technology, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
Among first-year students at School of Automotive Machinists & Technology, 50% of freshmen borrow to help pay for their first year, borrowing on average $6,954 per student, private and federal loans combined.
Federal loans alone average $6,954. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at School of Automotive Machinists & Technology (freshmen included), 24% borrow through federal student loan programs, borrowing on average $7,033 in federal loans per year. This is 1.1% greater than the $6,954 freshmen take on.
At a steady annual pace, that totals around $14,066 in two years and roughly $28,132 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 24% |
| Average federal loan per year | $7,033 |
| Undergraduates with a federal loan | 33 |
| Total federal loans (one year) | $232,087 |
The median student at School of Automotive Machinists & Technology borrows $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $9,500 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for School of Automotive Machinists & Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $5,500 |
| 25th percentile | $6,729 |
| 75th percentile | $24,125 |
| 90th percentile (highest-debt students) | $28,479 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at School of Automotive Machinists & Technology.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at School of Automotive Machinists & Technology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 48 | $20,917 |
The indicators below describe what the typical debt costs to pay back at School of Automotive Machinists & Technology.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for School of Automotive Machinists & Technology appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 36 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $9,677 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,761 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at School of Automotive Machinists & Technology.
Subsidized vs. 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?
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.