by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Southern California Institute of Technology: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Southern California Institute of Technology, 64% of first-year students take on loan debt, with a typical loan of $7,773 per student, private and federal loans combined.
On the federal side, the average loan is $7,621. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
For undergraduates overall at Southern California Institute of Technology, 63% take out federal student loans, borrowing on average $7,642 a year. This works out to 0.3% larger than the freshman federal average of $7,621.
At a steady annual pace, that totals around $15,284 after two years and $30,568 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $7,642 |
| Undergraduates with a federal loan | 330 |
| Total federal loans (one year) | $2,521,917 |
The middle borrower at Southern California Institute of Technology owes $10,651 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,651 |
| Students who completed (graduates) | $10,798 |
| Students who withdrew | $6,861 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Southern California Institute of Technology.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,970 |
| 25th percentile | $6,334 |
| 75th percentile | $10,500 |
| 90th percentile (highest-debt students) | $30,988 |
How wide this percentile range is tells you how much borrowing varies across students at Southern California Institute of Technology.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Southern California Institute of Technology.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 167 | $6,212 |
| Completed (graduates) | 137 | $6,701 |
| Did not complete | 30 | $4,192 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $79.68/mo.
These figures turn the debt totals into a monthly repayment picture for Southern California Institute of Technology.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Southern California Institute of Technology is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 5.2% |
| Borrowers in the cohort | 363 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $10,761 |
| Middle income | $10,798 |
| High income | $7,083 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $10,600 |
| Continuing-generation students | $10,947 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $6,789 |
| Independent students | $10,939 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Southern California Institute of Technology.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
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.