by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Indian River State College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
At Indian River State College specifically, 2% of freshmen borrow to help pay for their first year, with a typical loan of $3,373 per student, private and federal loans combined.
Federal loans alone average $3,373, representing 61.3% of the $5,500 first-year borrowing cap for the typical first-year dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at Indian River State College, freshmen included, 5% finance part of their studies with federal loans, averaging $4,906 annually. That amounts to 45.4% higher than the $3,373 typical freshmen borrow.
Borrowing the same amount each year would add up to roughly $9,812 in two years and roughly $19,624 across a four-year program. These projections assume the same federal borrowing each year and exclude private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 5% |
| Average federal loan per year | $4,906 |
| Undergraduates with a federal loan | 575 |
| Total federal loans (one year) | $2,820,911 |
Graduating and withdrawing students at Indian River State College carry a median federal debt of $5,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,500 |
| Students who completed (graduates) | $8,023 |
| Students who withdrew | $4,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Indian River State College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $2,550 |
| 75th percentile | $9,000 |
| 90th percentile (highest-debt students) | $17,750 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Indian River State College.
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 Indian River State College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 410 | $8,834 |
| Completed (graduates) | 152 | $10,000 |
| Did not complete | 258 | $8,434 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $118.91/mo.
The split below distinguishes Stafford borrowers from non-Stafford borrowers at Indian River State College.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 392 | — |
| No Stafford loan | 18 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 76 | $8,807 |
| No Stafford loan this year | 334 | $8,887 |
The indicators below describe what the typical debt costs to pay back at Indian River State College.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. Two-year cohort default-rate data for Indian River State College appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.7% |
| Borrowers in the cohort | 1450 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $6,720 |
| Middle income | $5,245 |
| High income | $4,500 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $5,500 |
| Continuing-generation students | $4,666 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $4,500 |
| Independent students | $7,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Indian River State College.
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.