by our College Data Analytics TeamHere you will find what students actually borrow to attend West Virginia University Institute of Technology: 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.
Looking at the entering class at West Virginia University Tech, 37% of first-year students take on loan debt, borrowing on average $6,132 each — a figure that counts both private and federal student loans.
The average federal loan is $4,612, or about 83.9% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at West Virginia University Tech, 35% finance part of their studies with federal loans, averaging $5,626 a year. That is 22.0% greater than the freshman federal average of $4,612.
Carrying that yearly figure forward comes to roughly $11,252 across two years and $22,504 after four. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 35% |
| Average federal loan per year | $5,626 |
| Undergraduates with a federal loan | 353 |
| Total federal loans (one year) | $1,986,048 |
The middle borrower at West Virginia University Tech owes $15,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,500 |
| Students who completed (graduates) | $22,500 |
| Students who withdrew | $6,864 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for West Virginia University Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,106 |
| 25th percentile | $5,500 |
| 75th percentile | $26,250 |
| 90th percentile (highest-debt students) | $32,000 |
How wide this percentile range is tells you how much borrowing varies across students at West Virginia University Tech.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at West Virginia University Tech.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 3775 | $25,969 |
| Completed (graduates) | 2403 | $32,980 |
| Did not complete | 1372 | $18,857 |
On a standard 10-year plan, the median completing borrower would pay about $392.17/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at West Virginia University Tech.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 3695 | $26,464 |
| No Stafford loan | 80 | $16,045 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 3488 | $26,990 |
| No Stafford loan this year | 287 | $16,082 |
Repayment burden translates the debt figures into what a borrower actually pays each month. West Virginia University Tech.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for West Virginia University Tech is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.6% |
| Borrowers in the cohort | 6503 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $14,250 |
| Middle income | $15,250 |
| High income | $16,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,146 |
| Continuing-generation students | $16,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $15,500 |
| Independent students | $14,583 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at West Virginia University Tech.
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.