by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Unitech Training Academy-Lafayette: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
At Unitech Training Academy-Lafayette specifically, 74% of new students use loans toward freshman-year expenses, with a typical loan of $6,501 per borrower, covering both private and federal loans.
On the federal side, the average loan is $6,501. 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.
Among all degree-seeking undergrads at Unitech Training Academy-Lafayette, 78% borrow through federal student loan programs, for a typical $4,801 each per year. That amounts to 26.1% below the first-year federal average of $6,501.
Borrowing at that rate every year works out to about $9,602 over two years and about $19,204 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 78% |
| Average federal loan per year | $4,801 |
| Undergraduates with a federal loan | 811 |
| Total federal loans (one year) | $3,893,688 |
The middle borrower at Unitech Training Academy-Lafayette owes $6,859 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,859 |
| Students who completed (graduates) | $8,721 |
| Students who withdrew | $4,533 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Unitech Training Academy-Lafayette.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,748 |
| 25th percentile | $4,295 |
| 75th percentile | $9,990 |
| 90th percentile (highest-debt students) | $11,833 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Unitech Training Academy-Lafayette.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Unitech Training Academy-Lafayette.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 394 | $4,037 |
| Completed (graduates) | 286 | $4,162 |
| Did not complete | 108 | $3,159 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $49.49/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Unitech Training Academy-Lafayette.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 384 | — |
| No Stafford loan | 10 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 369 | $4,037 |
| No Stafford loan this year | 25 | $4,000 |
These figures turn the debt totals into a monthly repayment picture for Unitech Training Academy-Lafayette.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The official Department of Education two-year default rate for Unitech Training Academy-Lafayette is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 26.0% |
| Borrowers in the cohort | 929 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $7,480 |
| Middle income | $6,454 |
| High income | $5,496 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,748 |
| Continuing-generation students | $8,305 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,498 |
| Independent students | $8,395 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Unitech Training Academy-Lafayette.
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
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.