by our College Data Analytics TeamThis page focuses on the debt students take on to attend School of Missionary Aviation Technology: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At School of Missionary Aviation Technology specifically, 50% of incoming students take out a loan to help cover first-year costs, with a typical loan of $18,160 apiece. This figure includes both private and federally funded student loans.
The average federal loan is $6,722. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Counting every undergraduate at School of Missionary Aviation Technology, 39% finance part of their studies with federal loans, averaging $7,167 annually. It comes to 6.6% higher than the $6,722 borrowed by freshmen.
Repeating that yearly amount projects to about $14,334 across two years and $28,668 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $7,167 |
| Undergraduates with a federal loan | 27 |
| Total federal loans (one year) | $193,500 |
Graduating and withdrawing students at School of Missionary Aviation Technology carry a median federal debt of $12,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,000 |
The indicators below describe what the typical debt costs to pay back at School of Missionary Aviation Technology.
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?
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.