by our College Data Analytics TeamHere you will find what students actually borrow to attend Spa Tech Institute-Westbrook, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Spa Tech Institute-Westbrook specifically, 81% of incoming undergraduates borrow in year one, borrowing on average $6,510 per borrower, covering both private and federal loans.
The average federally funded loan is $5,577. That sits at or beyond the $5,500 first-year federal limit for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Among all degree-seeking undergrads at Spa Tech Institute-Westbrook, 44% rely on federal student loans toward their education, averaging $5,654 a year. This works out to 1.4% greater than the freshman federal average of $5,577.
Borrowing the same amount each year would add up to roughly $11,308 after two years and $22,616 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 44% |
| Average federal loan per year | $5,654 |
| Undergraduates with a federal loan | 165 |
| Total federal loans (one year) | $932,862 |
The median student at Spa Tech Institute-Westbrook borrows $6,333 in federal borrowing.
| 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.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Spa Tech Institute-Westbrook.
| 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-Westbrook.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Spa Tech Institute-Westbrook.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 154 | $8,409 |
| Completed (graduates) | 125 | $8,449 |
| Did not complete | 29 | $4,617 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $100.47/mo.
Repayment burden translates the debt figures into what a borrower actually pays each month. Spa Tech Institute-Westbrook.
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 Spa Tech Institute-Westbrook 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.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,333 |
| Middle income | $6,333 |
| High income | $3,667 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,333 |
| Continuing-generation students | $6,333 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,666 |
| Independent students | $6,333 |
Federal data publishes the following gap measures for Spa Tech Institute-Westbrook.
The Difference Between Subsidized and 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.
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.