by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Florida Institute of Technology: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
At Florida Tech, 50% of incoming students take out a loan to help cover first-year costs, borrowing on average $12,476 per borrower, covering both private and federal loans.
The average federal loan is $5,344, representing 97.2% of the typical first-year dependent student borrowing cap of $5,500. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Florida Tech, 43% rely on federal student loans toward their education, borrowing on average $6,396 each per year. It comes to 19.7% larger than the $5,344 freshmen take on.
Borrowing the same amount each year would add up to roughly $12,792 over two years and about $25,584 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 43% |
| Average federal loan per year | $6,396 |
| Undergraduates with a federal loan | 1,386 |
| Total federal loans (one year) | $8,865,363 |
Graduating and withdrawing students at Florida Tech carry a median federal debt of $14,049 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $14,049 |
| Students who completed (graduates) | $27,000 |
| Students who withdrew | $8,148 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Florida Tech.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,250 |
| 25th percentile | $4,750 |
| 75th percentile | $27,250 |
| 90th percentile (highest-debt students) | $40,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Florida Tech.
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 Tech.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 1174 | $21,580 |
| Completed (graduates) | 530 | $29,276 |
| Did not complete | 644 | $18,446 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $348.12/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Florida Tech.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 1145 | $21,700 |
| No Stafford loan | 29 | $18,325 |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 797 | $27,255 |
| No Stafford loan this year | 377 | $13,800 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Florida Tech.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for Florida Tech appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 10.7% |
| Borrowers in the cohort | 3160 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
Borrowing varies by family income, by first-generation status, and by dependency status.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,125 |
| Middle income | $17,002 |
| High income | $16,250 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $13,782 |
| Continuing-generation students | $14,834 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $14,491 |
| Independent students | $13,750 |
Federal data publishes the following gap measures for Florida Tech.
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.
Worth Knowing
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.