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Savannah Technical College Loan Debt & Loan Default Rates

How does student loan debt and default rates at Savannah Technical College compare to the national average, and how could this impact your future? Scroll down the page for answers.

Included in This Report:

Freshmen At Savannah Technical College Take Out an Average of $3,566 in Loans in Their First Year

At Savannah Technical College, 2.0% of incoming students take out a loan to help defray freshman year costs, averaging $3,566 a piece. This amount includes both private and federally-funded student loans.

The first-year limit for federal loans is $5,500* for the typical first-year dependent student.

*Independent students and those with parents who do not qualify for PLUS loans have higher borrowing caps.
Be Aware of What Isn't Shown

Unlike the data shown for freshmen, average undergraduate student loan amounts do not include private loans. In addition to unreported parent loans, this can increase the average amount borrowed significantly.

Federal Student Loans for All Undergraduates Unknown

We cannot report the average loan amounts for undergraduates attending Savannah Technical College, as that information is not available to us.

The Default Rate on Student Loans is Decreasing

Loan default rates can indicate how well Savannah Technical College is helping students afford to attend college without undue reliance on loans, particularly unsubsidized loans. It can also indicate future earnings and career potential. Pay close attention to this statistic. You don't want to take out loans you can't pay back.

A total of 275 Savannah Technical College students entered loan repayment in 2017. After three years, 4.7% of these students (13 out of 275) defaulted on their loans. The lower the default rate, the better!

The chart below compares this college to the average 3-year default rate calculated across all of the 4-year schools we have data for.

What does the default rate mean?

A student is considered to be in default on a student loan if they have not made a payment in more than 270 days. The official student loan default rate for a school is calculated by measuring how many students are in default three years after graduation. Note that the default rate only takes into account federal loans, not private.

When compared to the average three-year default rate of 9.3%, the default rate at Savannah Technical College is very good. This could be an indication that the college is working to meet the financial needs of students in such a way that reliance on student loans, particularly unsubsidized loans, is minimized for the majority of students.

Did You Know?

Declaring bankruptcy does not remove student loan debt owed to the Federal government. They can garnish part of your income if you do not pay back your loans.

Subsidized vs. Unsubsidized Loans

What's the difference? Unsubsidized student loans accrue interest each month, even while you are in college. Unless you pay that interest each month, what you owe after graduation might surprise you.

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