by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Wiregrass Georgia Technical College— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Wiregrass Georgia Technical College, 2% of freshmen borrow to help pay for their first year, at roughly $8,815 apiece. This figure includes both private and federally funded student loans.
Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 0% |
| Undergraduates with a federal loan | 0 |
| Total federal loans (one year) | $0 |
Graduating and withdrawing students at Wiregrass Georgia Technical College carry a median federal debt of $2,438 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $2,438 |
| Students who withdrew | $2,375 |
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 Wiregrass Georgia Technical College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $1,000 |
| 75th percentile | $3,301 |
Median federal debt understates the full cost when PLUS loans are included. The totals below add PLUS borrowing for Wiregrass Georgia Technical College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 158 | $8,933 |
| Completed (graduates) | 44 | $6,800 |
| Did not complete | 114 | $9,133 |
On a standard 10-year plan, the median completing borrower would pay about $80.86/mo.
These figures turn the debt totals into a monthly repayment picture for Wiregrass Georgia Technical College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Wiregrass Georgia Technical College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 0% |
| Borrowers in the cohort | 0 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
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
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.