by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Unitek College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Unitek College, 59% of new students use loans toward freshman-year expenses, at roughly $8,813 each — a figure that counts both private and federal student loans.
The average federal loan is $5,908. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Across the full undergraduate body at Unitek College (freshmen included), 48% rely on federal student loans toward their education, borrowing on average $6,937 each per year. That is 17.4% more than the freshman federal average of $5,908.
Borrowing at that rate every year works out to about $13,874 after two years and $27,748 over a four-year span. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 48% |
| Average federal loan per year | $6,937 |
| Undergraduates with a federal loan | 249 |
| Total federal loans (one year) | $1,727,275 |
Graduating and withdrawing students at Unitek College carry a median federal debt of $10,699 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $10,699 |
| Students who completed (graduates) | $10,700 |
| Students who withdrew | $5,500 |
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 Unitek College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,482 |
| 25th percentile | $8,845 |
| 75th percentile | $16,370 |
| 90th percentile (highest-debt students) | $17,305 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Unitek College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Unitek College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 169 | $17,041 |
| Completed (graduates) | 134 | $17,841 |
| Did not complete | 35 | $13,550 |
On a standard 10-year plan, the median completing borrower would pay about $212.15/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 Unitek College.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 150 | $17,155 |
| No Stafford loan this year | 19 | $12,637 |
These figures turn the debt totals into a monthly repayment picture for Unitek College.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $10,700 |
| High income | $10,699 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $12,806 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,100 |
| Independent students | $13,700 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Unitek College.
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
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.