by our College Data Analytics TeamThis page focuses on the debt students take on to attend Universal Technical Institute Bloomfield, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at UTI Bloomfield, 83% of new students use loans toward freshman-year expenses, averaging $8,148 each, across private and federal loan sources.
The typical federal loan comes to $6,544. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
For undergraduates overall at UTI Bloomfield, 69% borrow through federal student loan programs, with a mean of $6,436 annually. That amounts to 1.7% under the $6,544 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $12,872 in two years and roughly $25,744 over four years. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 69% |
| Average federal loan per year | $6,436 |
| Undergraduates with a federal loan | 1,084 |
| Total federal loans (one year) | $6,976,865 |
The middle borrower at UTI Bloomfield owes $11,574 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $11,574 |
| Students who completed (graduates) | $14,267 |
| Students who withdrew | $4,750 |
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 UTI Bloomfield.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $6,188 |
| 75th percentile | $18,084 |
| 90th percentile (highest-debt students) | $22,625 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at UTI Bloomfield.
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for UTI Bloomfield.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 2433 | $13,220 |
| Completed (graduates) | 1532 | $16,149 |
| Did not complete | 901 | $7,314 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $192.03/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at UTI Bloomfield.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 2279 | $13,743 |
| No Stafford loan | 154 | $2,927 |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 2262 | $13,746 |
| No Stafford loan this year | 171 | $3,222 |
The indicators below describe what the typical debt costs to pay back at UTI Bloomfield.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for UTI Bloomfield is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 15.1% |
| Borrowers in the cohort | 3156 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $11,166 |
| Middle income | $11,999 |
| High income | $11,899 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $11,188 |
| Continuing-generation students | $12,000 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $11,688 |
| Independent students | $10,594 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at UTI Bloomfield.
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.
Important to Remember
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.