by our College Data Analytics TeamThis page focuses on the debt students take on to attend Daytona College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Daytona College, 52% of new students use loans toward freshman-year expenses, borrowing on average $3,692 each — a figure that counts both private and federal student loans.
The average federally funded loan is $3,692, which is 67.1% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Daytona College, 70% take out federal student loans, for a typical $5,759 annually. This is 56.0% above the $3,692 borrowed by freshmen.
Carrying that yearly figure forward comes to roughly $11,518 across two years and $23,036 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 70% |
| Average federal loan per year | $5,759 |
| Undergraduates with a federal loan | 214 |
| Total federal loans (one year) | $1,232,492 |
The middle borrower at Daytona College owes $6,723 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $6,723 |
| Students who completed (graduates) | $7,403 |
| Students who withdrew | $3,853 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Daytona College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,513 |
| 25th percentile | $4,881 |
| 75th percentile | $10,992 |
| 90th percentile (highest-debt students) | $13,318 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Daytona 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 Daytona College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 37 | $8,000 |
The indicators below describe what the typical debt costs to pay back at Daytona College.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Daytona College is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.0% |
| Borrowers in the cohort | 116 |
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.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $6,499 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $6,675 |
| Continuing-generation students | $6,900 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,954 |
| Independent students | $7,235 |
Federal data publishes the following gap measures for Daytona College.
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.
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.