by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Embry-Riddle Aeronautical University-Daytona Beach— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
At Embry-Riddle Daytona Beach, 51% of freshmen borrow to help pay for their first year, at roughly $18,256 per student, private and federal loans combined.
The average federal loan is $5,286, or about 96.1% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Across the full undergraduate body at Embry-Riddle Daytona Beach (freshmen included), 39% rely on federal student loans toward their education, borrowing on average $6,339 each per year. This works out to 19.9% greater than the freshman federal average of $5,286.
Borrowing the same amount each year would add up to roughly $12,678 by year two and around $25,356 over four years. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 39% |
| Average federal loan per year | $6,339 |
| Undergraduates with a federal loan | 2,967 |
| Total federal loans (one year) | $18,808,982 |
Graduating and withdrawing students at Embry-Riddle Daytona Beach carry a median federal debt of $14,250 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,250 |
| Students who completed (graduates) | $23,666 |
| Students who withdrew | $8,424 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Embry-Riddle Daytona Beach.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,625 |
| 25th percentile | $5,250 |
| 75th percentile | $26,500 |
| 90th percentile (highest-debt students) | $37,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Embry-Riddle Daytona Beach.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Embry-Riddle Daytona Beach.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 2774 | $25,998 |
| Completed (graduates) | 1278 | $43,423 |
| Did not complete | 1496 | $19,958 |
On a standard 10-year plan, the median completing borrower would pay about $516.35/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Embry-Riddle Daytona Beach.
Stafford vs Non-Stafford (any year)
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 2673 | $26,021 |
| No Stafford loan | 101 | $24,768 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 1822 | $43,303 |
| No Stafford loan this year | 952 | $12,401 |
The indicators below describe what the typical debt costs to pay back at Embry-Riddle Daytona Beach.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Embry-Riddle Daytona Beach appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.7% |
| Borrowers in the cohort | 2748 |
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.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $15,000 |
| Middle income | $13,000 |
| High income | $14,750 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $14,000 |
| Continuing-generation students | $15,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $16,000 |
| Independent students | $12,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Embry-Riddle Daytona Beach.
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.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.