by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Southeastern College-West Palm Beach— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at Southeastern College-West Palm Beach, 97% of new students use loans toward freshman-year expenses, with a typical loan of $13,933 each, across private and federal loan sources.
The average federal loan is $9,144. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Southeastern College-West Palm Beach, 94% use federal student loans to help pay for their education, borrowing on average $9,570 a year. That amounts to 4.7% more than the $9,144 typical freshmen borrow.
Repeating that yearly amount projects to about $19,140 across two years and $38,280 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 | 94% |
| Average federal loan per year | $9,570 |
| Undergraduates with a federal loan | 604 |
| Total federal loans (one year) | $5,780,336 |
Graduating and withdrawing students at Southeastern College-West Palm Beach carry a median federal debt of $12,039 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $12,039 |
| Students who completed (graduates) | $19,000 |
| Students who withdrew | $9,500 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Southeastern College-West Palm Beach.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $4,750 |
| 25th percentile | $9,500 |
| 75th percentile | $20,000 |
| 90th percentile (highest-debt students) | $27,642 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Southeastern College-West Palm Beach.
PLUS loans — taken out by parents or graduate students — add to the total cost of attendance financed by debt at Southeastern College-West Palm Beach.
| Group | Borrowers | Median debt incl. PLUS |
|---|---|---|
| All borrowers | 161 | $9,680 |
| Completed (graduates) | 76 | $11,188 |
| Did not complete | 85 | $8,367 |
For students who completed, the median total debt including PLUS loans works out to a standard 10-year payment of about $133.04/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 Southeastern College-West Palm Beach.
Current-Year Stafford Borrowers
| Cohort | Borrowers | Median debt incl. PLUS |
|---|---|---|
| Stafford loan this year | 147 | — |
| No Stafford loan this year | 14 | — |
The indicators below describe what the typical debt costs to pay back at Southeastern College-West Palm Beach.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Southeastern College-West Palm Beach is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.3% |
| Borrowers in the cohort | 1100 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
Median Debt by Income Bracket
| Income tier | Median federal debt |
|---|---|
| Low income | $12,009 |
| Middle income | $13,313 |
| High income | $10,222 |
First-Generation Comparison
| Cohort | Median federal debt |
|---|---|
| First-generation students | $12,039 |
| Continuing-generation students | $12,030 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,673 |
| Independent students | $13,773 |
Federal data publishes the following gap measures for Southeastern College-West Palm Beach.
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
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.