by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Florida Career College-Margate, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
The middle borrower at Florida Career College - Margate owes $9,365 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,365 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,474 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Florida Career College - Margate.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,589 |
| 25th percentile | $4,572 |
| 75th percentile | $9,500 |
| 90th percentile (highest-debt students) | $11,824 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Florida Career College - Margate.
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 Florida Career College - Margate.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1476 | $8,267 |
| Completed (graduates) | 995 | $9,141 |
| Did not complete | 481 | $4,571 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $108.7/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Florida Career College - Margate.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1350 | $8,394 |
| No Stafford loan | 126 | $2,140 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 1320 | $8,469 |
| No Stafford loan this year | 156 | $2,495 |
The indicators below describe what the typical debt costs to pay back at Florida Career College - Margate.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The official Department of Education two-year default rate for Florida Career College - Margate follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 16.1% |
| Borrowers in the cohort | 4815 |
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 | $9,365 |
| Middle income | $9,365 |
| High income | $9,155 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,365 |
| Continuing-generation students | $9,365 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Florida Career College - Margate.
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.
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.