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. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Unitek College, 52% of freshmen borrow to help pay for their first year, averaging $11,922 each — a figure that counts both private and federal student loans.
The average federally funded loan is $6,980. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Looking at all undergraduates at Unitek College, freshmen included, 41% borrow through federal student loan programs, averaging $7,698 a year. This is 10.3% higher than the $6,980 freshmen take on.
At a steady annual pace, that totals around $15,396 in two years and roughly $30,792 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 | 41% |
| Average federal loan per year | $7,698 |
| Undergraduates with a federal loan | 160 |
| Total federal loans (one year) | $1,231,744 |
Graduating and withdrawing students at Unitek College carry a median federal debt of $10,699 in federal student loans.
| 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.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution 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 spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Unitek College.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Unitek College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 169 | $17,041 |
| Completed (graduates) | 134 | $17,841 |
| Did not complete | 35 | $13,550 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $212.15/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers 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.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
| Middle income | $10,700 |
| High income | $10,699 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,500 |
| Continuing-generation students | $12,806 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,100 |
| Independent students | $13,700 |
Federal data publishes the following gap measures for Unitek College.
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?
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.