by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Toledo Public Schools Adult and Continuing Education— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Toledo Public Schools Adult and Continuing Education, 48% of freshmen borrow to help pay for their first year, at roughly $3,052 apiece. This figure includes both private and federally funded student loans.
Federal loans alone average $3,052, amounting to 55.5% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at Toledo Public Schools Adult and Continuing Education, 61% rely on federal student loans toward their education, borrowing on average $3,783 each per year. That is 24.0% larger than the $3,052 borrowed by freshmen.
At a steady annual pace, that totals around $7,566 across two years and $15,132 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $3,783 |
| Undergraduates with a federal loan | 25 |
| Total federal loans (one year) | $94,583 |
Graduating and withdrawing students at Toledo Public Schools Adult and Continuing Education carry a median federal debt of $7,317 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,317 |
| Students who completed (graduates) | $8,848 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Toledo Public Schools Adult and Continuing Education.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,750 |
| 25th percentile | $6,233 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,533 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Toledo Public Schools Adult and Continuing Education.
Repayment burden translates the debt figures into what a borrower actually pays each month. Toledo Public Schools Adult and Continuing Education.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Toledo Public Schools Adult and Continuing Education follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.1% |
| Borrowers in the cohort | 79 |
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 | $7,125 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Toledo Public Schools Adult and Continuing Education.
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.
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.