by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Florida National University-Main Campus, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
Looking at the entering class at Florida National University - Main Campus, 64% of first-year students take on loan debt, averaging $12,733 per borrower, covering both private and federal loans.
Federal loans alone average $10,962. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at Florida National University - Main Campus, 77% take out federal student loans, at an average of $11,981 a year. That is 9.3% greater than the $10,962 borrowed by freshmen.
Borrowing at that rate every year works out to about $23,962 in two years and roughly $47,924 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 77% |
| Average federal loan per year | $11,981 |
| Undergraduates with a federal loan | 1,820 |
| Total federal loans (one year) | $21,806,000 |
The median student at Florida National University - Main Campus borrows $16,492 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $16,492 |
| Students who completed (graduates) | $27,554 |
| Students who withdrew | $10,456 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Florida National University - Main Campus.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,248 |
| 25th percentile | $5,493 |
| 75th percentile | $23,772 |
| 90th percentile (highest-debt students) | $36,750 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Florida National University - Main Campus.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Florida National University - Main Campus.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 597 | $4,768 |
| Completed (graduates) | 278 | $5,198 |
| Did not complete | 319 | $4,100 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $61.81/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Florida National University - Main Campus.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 552 | $4,749 |
| No Stafford loan this year | 45 | $4,814 |
The indicators below describe what the typical debt costs to pay back at Florida National University - Main Campus.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Florida National University - Main Campus appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 12.8% |
| Borrowers in the cohort | 1188 |
The cohort default rate tracks borrowers who entered repayment in a given year and defaulted within the two-year measurement window.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $16,512 |
| Middle income | $16,435 |
| High income | $14,680 |
By First-Generation Status
| Cohort | Median federal debt |
|---|---|
| First-generation students | $15,583 |
| Continuing-generation students | $19,000 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $12,963 |
| Independent students | $18,924 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Florida National University - Main Campus.
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.
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.