by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Tulsa Welding School-Jacksonville, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at TWS, 75% of freshmen borrow to help pay for their first year, borrowing on average $7,913 each — a figure that counts both private and federal student loans.
The average federal loan is $6,773. 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 TWS, 65% borrow through federal student loan programs, borrowing on average $6,039 each per year. This works out to 10.8% below the freshman federal average of $6,773.
Borrowing at that rate every year works out to about $12,078 in two years and roughly $24,156 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $6,039 |
| Undergraduates with a federal loan | 1,036 |
| Total federal loans (one year) | $6,256,051 |
The median student at TWS borrows $6,886 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,886 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at TWS.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,400 |
| 25th percentile | $5,500 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $9,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at TWS.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for TWS.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1703 | $12,603 |
| Completed (graduates) | 1292 | $14,578 |
| Did not complete | 411 | $8,019 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $173.35/mo.
Federal data lets us separate Stafford borrowers from the rest at TWS.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1638 | $12,877 |
| No Stafford loan | 65 | $4,331 |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 1602 | $13,000 |
| No Stafford loan this year | 101 | $4,674 |
These figures turn the debt totals into a monthly repayment picture for TWS.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for TWS is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.7% |
| Borrowers in the cohort | 1866 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $7,125 |
| Middle income | $6,310 |
| High income | $5,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,018 |
| Continuing-generation students | $6,145 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
Federal data publishes the following gap measures for TWS.
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.
Worth Knowing
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.