by our College Data Analytics TeamHere you will find what students actually borrow to attend Venango County Area Vocational Technical School— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At Venango Technology Center specifically, 96% of incoming undergraduates borrow in year one, for an average of $8,611 per student, private and federal loans combined.
The typical federal loan comes to $8,611. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. 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 Venango Technology Center, 92% use federal student loans to help pay for their education, for a typical $8,895 in federal loans per year. This is 3.3% above the freshman federal average of $8,611.
Carrying that yearly figure forward comes to roughly $17,790 in two years and roughly $35,580 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 92% |
| Average federal loan per year | $8,895 |
| Undergraduates with a federal loan | 60 |
| Total federal loans (one year) | $533,690 |
Graduating and withdrawing students at Venango Technology Center carry a median federal debt of $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $13,500 |
| 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 Venango Technology Center.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,825 |
| 25th percentile | $6,000 |
| 75th percentile | $14,677 |
| 90th percentile (highest-debt students) | $14,677 |
How wide this percentile range is tells you how much borrowing varies across students at Venango Technology Center.
Repayment burden translates the debt figures into what a borrower actually pays each month. Venango Technology Center.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Venango Technology Center follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.9% |
| Borrowers in the cohort | 56 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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 | $10,204 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,702 |
| Independent students | $12,303 |
Federal data publishes the following gap measures for Venango Technology Center.
The Difference Between Subsidized and 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.
Important to Remember
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.