by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Spa Tech Institute-Plymouth: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Spa Tech Institute-Plymouth, 75% of incoming undergraduates borrow in year one, at roughly $5,985 per borrower, covering both private and federal loans.
The average federally funded loan is $4,580, representing 83.3% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Spa Tech Institute-Plymouth, 41% take out federal student loans, at an average of $4,942 each per year. It comes to 7.9% higher than the $4,580 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $9,884 after two years and $19,768 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 41% |
| Average federal loan per year | $4,942 |
| Undergraduates with a federal loan | 149 |
| Total federal loans (one year) | $736,327 |
The middle borrower at Spa Tech Institute-Plymouth owes $6,333 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,333 |
| Students who completed (graduates) | $6,333 |
| Students who withdrew | $3,167 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Spa Tech Institute-Plymouth.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $3,666 |
| 75th percentile | $6,861 |
| 90th percentile (highest-debt students) | $8,127 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Spa Tech Institute-Plymouth.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Spa Tech Institute-Plymouth.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 154 | $8,409 |
| Completed (graduates) | 125 | $8,449 |
| Did not complete | 29 | $4,617 |
On a standard 10-year plan, the median completing borrower would pay about $100.47/mo.
These figures turn the debt totals into a monthly repayment picture for Spa Tech Institute-Plymouth.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Spa Tech Institute-Plymouth appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.3% |
| Borrowers in the cohort | 431 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $3,667 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Spa Tech Institute-Plymouth.
The Difference Between Subsidized and 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.