by our College Data Analytics TeamThis page focuses on the debt students take on to attend Seminole State College, including completion-adjusted borrowing and a standard repayment estimate. These figures are reported by the Department of Education and IPEDS.
For incoming students at Seminole State College, 19% of incoming students take out a loan to help cover first-year costs, borrowing on average $4,583 apiece. This figure includes both private and federally funded student loans.
The average federally funded loan is $4,583, or about 83.3% of the typical first-year dependent student borrowing cap of $5,500. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Seminole State College, 17% borrow through federal student loan programs, at an average of $5,863 in federal loans per year. That amounts to 27.9% higher than the $4,583 typical freshmen borrow.
Repeating that yearly amount projects to about $11,726 in two years and roughly $23,452 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 17% |
| Average federal loan per year | $5,863 |
| Undergraduates with a federal loan | 186 |
| Total federal loans (one year) | $1,090,482 |
Graduating and withdrawing students at Seminole State College carry a median federal debt of $8,033 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,033 |
| Students who completed (graduates) | $11,000 |
| Students who withdrew | $5,500 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Seminole State College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,000 |
| 25th percentile | $3,250 |
| 75th percentile | $10,750 |
| 90th percentile (highest-debt students) | $19,000 |
How wide this percentile range is tells you how much borrowing varies across students at Seminole State College.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Seminole State College.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 53 | $8,500 |
| Completed (graduates) | 21 | $9,085 |
| Did not complete | 32 | $7,584 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $108.03/mo.
Federal data lets us separate Stafford borrowers from the rest at Seminole State College.
Stafford This Year vs Not
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 22 | $6,451 |
| No Stafford loan this year | 31 | $10,122 |
The indicators below describe what the typical debt costs to pay back at Seminole State College.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. Two-year cohort default-rate data for Seminole State College follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 20.6% |
| Borrowers in the cohort | 310 |
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 | $9,480 |
| Middle income | $6,500 |
| High income | $7,325 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $8,500 |
| Continuing-generation students | $5,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $12,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Seminole State College.
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.
Important to Remember
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.