by our College Data Analytics TeamThis page focuses on the debt students take on to attend Rasmussen University-Florida, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Rasmussen University - Florida, 85% of new students use loans toward freshman-year expenses, borrowing on average $10,888 each — a figure that counts both private and federal student loans.
The average federally funded loan is $8,304. That sits at or beyond the $5,500 first-year federal limit 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 Rasmussen University - Florida (freshmen included), 83% finance part of their studies with federal loans, at an average of $9,394 annually. This is 13.1% above the first-year federal average of $8,304.
At a steady annual pace, that totals around $18,788 across two years and $37,576 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 | 83% |
| Average federal loan per year | $9,394 |
| Undergraduates with a federal loan | 2,527 |
| Total federal loans (one year) | $23,739,318 |
The median student at Rasmussen University - Florida borrows $13,000 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,000 |
| Students who completed (graduates) | $20,899 |
| Students who withdrew | $6,334 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.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 Rasmussen University - Florida.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,900 |
| 25th percentile | $3,668 |
| 75th percentile | $19,987 |
| 90th percentile (highest-debt students) | $29,799 |
How wide this percentile range is tells you how much borrowing varies across students at Rasmussen University - Florida.
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 Rasmussen University - Florida.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 2419 | $10,000 |
| Completed (graduates) | 1216 | $10,562 |
| Did not complete | 1203 | $9,727 |
Completers face an estimated standard 10-year monthly payment on their PLUS-inclusive debt of roughly $125.59/mo.
Federal data lets us separate Stafford borrowers from the rest at Rasmussen University - Florida.
Borrowers With Any Stafford Loan
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 2402 | — |
| No Stafford loan | 17 | — |
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 2077 | $10,000 |
| No Stafford loan this year | 342 | $10,260 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Rasmussen University - Florida.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Rasmussen University - Florida follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 14.5% |
| Borrowers in the cohort | 13184 |
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.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $12,500 |
| Middle income | $14,203 |
| High income | $13,586 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,834 |
| Continuing-generation students | $13,845 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,834 |
| Independent students | $14,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Rasmussen University - Florida.
The Difference Between 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.
Did You Know?
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.