by our College Data Analytics TeamHere you will find what students actually borrow to attend Seminole State College of Florida— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Seminole State specifically, 14% of new students use loans toward freshman-year expenses, borrowing on average $5,477 per student, private and federal loans combined.
The average federally funded loan is $5,037, or about 91.6% 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 Seminole State, freshmen included, 15% take out federal student loans, for a typical $6,596 in federal loans per year. That amounts to 31.0% higher than the $5,037 freshmen take on.
Repeating that yearly amount projects to about $13,192 after two years and $26,384 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 15% |
| Average federal loan per year | $6,596 |
| Undergraduates with a federal loan | 1,811 |
| Total federal loans (one year) | $11,945,725 |
The median student at Seminole State borrows $7,704 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,704 |
| Students who completed (graduates) | $11,047 |
| Students who withdrew | $5,725 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Seminole State.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,750 |
| 25th percentile | $3,283 |
| 75th percentile | $13,430 |
| 90th percentile (highest-debt students) | $24,748 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Seminole State.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Seminole State.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 769 | $10,000 |
| Completed (graduates) | 240 | $10,573 |
| Did not complete | 529 | $9,438 |
On a standard 10-year plan, the median completing borrower would pay about $125.72/mo.
Stafford loans are the federal direct-loan program most undergraduates use. The breakdown below separates borrowers who used Stafford loans from those who did not at Seminole State.
Any-Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Used a Stafford loan | 746 | $10,000 |
| No Stafford loan | 23 | $7,080 |
Borrowers With a Stafford Loan This Year
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 294 | $9,724 |
| No Stafford loan this year | 475 | $10,000 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Seminole State.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The federal two-year cohort default rate for Seminole State appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 13.0% |
| Borrowers in the cohort | 3366 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $8,577 |
| Middle income | $6,981 |
| High income | $6,500 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,829 |
| Continuing-generation students | $7,180 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $10,500 |
Federal data publishes the following gap measures for Seminole State.
The Difference Between 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
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.