by our College Data Analytics TeamThis page focuses on the debt students take on to attend Vet Tech Institute: 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.
For incoming students at Vet Tech Institute, 91% of incoming undergraduates borrow in year one, borrowing on average $5,553 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $5,121, representing 93.1% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Looking at all undergraduates at Vet Tech Institute, freshmen included, 87% use federal student loans to help pay for their education, for a typical $5,550 a year. That is 8.4% larger than the first-year federal average of $5,121.
Borrowing the same amount each year would add up to roughly $11,100 across two years and $22,200 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 87% |
| Average federal loan per year | $5,550 |
| Undergraduates with a federal loan | 174 |
| Total federal loans (one year) | $965,692 |
Graduating and withdrawing students at Vet Tech Institute carry a median federal debt of $12,292 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,292 |
| Students who completed (graduates) | $13,623 |
| Students who withdrew | $4,662 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Vet Tech Institute.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,210 |
| 25th percentile | $5,493 |
| 75th percentile | $13,625 |
| 90th percentile (highest-debt students) | $21,753 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Vet Tech Institute.
The figures above count only the students own federal loans. Adding PLUS loans (borrowed by parents or graduate students) gives a fuller picture of total borrowing at Vet Tech Institute.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 197 | $12,905 |
| Completed (graduates) | 138 | $18,804 |
| Did not complete | 59 | $4,895 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $223.6/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 Vet Tech Institute.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 183 | — |
| No Stafford loan | 14 | — |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 180 | — |
| No Stafford loan this year | 17 | — |
The indicators below describe what the typical debt costs to pay back at Vet Tech Institute.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Vet Tech Institute appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.3% |
| Borrowers in the cohort | 227 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,050 |
| Middle income | $11,821 |
| High income | $13,288 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,208 |
| Continuing-generation students | $13,012 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,000 |
| Independent students | $19,324 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Vet Tech Institute.
Subsidized vs. 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.
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.