by our College Data Analytics TeamHere you will find what students actually borrow to attend Wake Technical Community 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 Wake Technical Community College, 17% of incoming undergraduates borrow in year one, at roughly $4,932 per borrower, covering both private and federal loans.
The typical federal loan comes to $4,843, equal to roughly 88.1% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Wake Technical Community College, freshmen included, 19% use federal student loans to help pay for their education, at an average of $5,804 in federal loans per year. It comes to 19.8% above the $4,843 borrowed by freshmen.
At a steady annual pace, that totals around $11,608 across two years and $23,216 over a four-year span. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 19% |
| Average federal loan per year | $5,804 |
| Undergraduates with a federal loan | 3,538 |
| Total federal loans (one year) | $20,535,874 |
Graduating and withdrawing students at Wake Technical Community College carry a median federal debt of $7,000 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,000 |
| Students who completed (graduates) | $12,000 |
| Students who withdrew | $6,250 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Wake Technical Community College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,276 |
| 25th percentile | $3,750 |
| 75th percentile | $15,750 |
| 90th percentile (highest-debt students) | $28,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Wake Technical Community College.
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 Wake Technical Community College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1738 | $13,202 |
| Completed (graduates) | 286 | $11,450 |
| Did not complete | 1452 | $13,434 |
On a standard 10-year plan, the median completing borrower would pay about $136.15/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Wake Technical Community College.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1700 | $13,305 |
| No Stafford loan | 38 | $8,699 |
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 673 | $11,427 |
| No Stafford loan this year | 1065 | $14,375 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Wake Technical Community College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Wake Technical Community College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.4% |
| Borrowers in the cohort | 1356 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $8,250 |
| Middle income | $6,250 |
| High income | $5,500 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,210 |
| Continuing-generation students | $6,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Wake Technical Community College.
Subsidized vs. 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.