by our College Data Analytics TeamHere you will find what students actually borrow to attend Fortis Institute-Pensacola, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Fortis Institute - Pensacola, 84% of incoming students take out a loan to help cover first-year costs, at roughly $7,837 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $7,679. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Across the full undergraduate body at Fortis Institute - Pensacola (freshmen included), 71% rely on federal student loans toward their education, for a typical $8,023 per year. That is 4.5% more than the $7,679 typical freshmen borrow.
Borrowing at that rate every year works out to about $16,046 in two years and roughly $32,092 over a four-year span. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 71% |
| Average federal loan per year | $8,023 |
| Undergraduates with a federal loan | 473 |
| Total federal loans (one year) | $3,795,081 |
Graduating and withdrawing students at Fortis Institute - Pensacola carry a median federal debt of $9,122 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,122 |
| Students who completed (graduates) | $9,500 |
| Students who withdrew | $4,846 |
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 Fortis Institute - Pensacola.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $3,167 |
| 25th percentile | $5,500 |
| 75th percentile | $12,012 |
| 90th percentile (highest-debt students) | $17,365 |
How wide this percentile range is tells you how much borrowing varies across students at Fortis Institute - Pensacola.
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 Fortis Institute - Pensacola.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 384 | $5,714 |
| Completed (graduates) | 252 | $6,106 |
| Did not complete | 132 | $4,195 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $72.61/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Fortis Institute - Pensacola.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 372 | — |
| No Stafford loan | 12 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 352 | $5,492 |
| No Stafford loan this year | 32 | $9,640 |
These figures turn the debt totals into a monthly repayment picture for Fortis Institute - Pensacola.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for Fortis Institute - Pensacola is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 8.2% |
| Borrowers in the cohort | 1443 |
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 | $9,109 |
| Middle income | $9,500 |
| High income | $7,667 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $9,041 |
| Continuing-generation students | $9,274 |
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,000 |
| Independent students | $9,500 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Fortis Institute - Pensacola.
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.