Florida public colleges, universities report 11.5 percent default rate on student loans


At Tom P. Haney Technical Center in Panama City, 26.9 percent of borrowers who started repaying student loans in 2014 defaulted on those loans by the end of 2016, according to a Higher Education Tribune analysis of the latest disclosure from the U.S. Department of Education.

The analysis uses data that tracks borrowers at all colleges and universities receiving federal student aid. The 2014 cohort accounts for borrowers who entered repayment on selected federal loans in the given fiscal year and defaulted before the end of the second fiscal year.   

Altogether, 40 institutions based in Florida had 135,019 borrowers in repayment in the 2014 cohort. And 15,570 of them were in default – a default rate of 11.53 percent, which is in line with the national rate of 11.5 percent.

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Default rate

NameCityBorrowers in defaultBorrowers in repaymentDefault rate (%)
Tom P. Haney Technical CenterPanama City145226.9
Florida Gateway CollegeLake City8634225.1
Tallahassee Community CollegeTallahassee9574,12623.1
South Florida State CollegeAvon Park3415422.0
Indian River State CollegeFort Pierce3351,54721.6
Daytona State CollegeDaytona Beach8144,06920.0
Eastern Florida State CollegeCocoa4762,36920.0
Gulf Coast State CollegePanama City16682620.0
College Of Central FloridaOcala3772,03618.5
Florida State College At JacksonvilleJacksonville1,0706,01717.7
Northwest Florida State CollegeNiceville7744517.3
Erwin Technical CollegeTampa105817.2
Pasco - Hernando State CollegeNew Port Richey2131,24617.0
Polk State CollegeWinter Haven14988516.8
Santa Fe CollegeGainesville5453,23316.8
Seminole State College Of FloridaSanford8194,88116.7
Hillsborough Community CollegeTampa8425,19016.2
Pensacola State CollegePensacola10967116.2
Saint Johns River State CollegePalatka16099116.1
St. Petersburg CollegeClearwater1,0906,78816.0
State College Of Florida, Manatee-SarasotaBradenton3382,16215.6
Florida Southwestern State CollegeFort Myers4142,66315.5
Valencia CollegeOrlando1,2438,06215.4
Palm Beach State CollegeLake Worth3392,34114.4
Broward CollegeFort Lauderdale7235,05614.2
Florida Agricultural & Mechanical UniversityTallahassee4753,74212.6
Miami Dade CollegeMiami5154,15212.4
Lake Sumter State CollegeLeesburg2016811.9
Florida Keys Community CollegeKey West1614111.3
University Of West Florida (The)Pensacola2162,7937.7
Florida Atlantic UniversityBoca Raton3695,8296.3
Florida International UniversityMiami5379,2555.8
University Of North FloridaJacksonville2003,3925.8
University Of Central FloridaOrlando62911,9665.2
University Of South FloridaTampa50910,1055.0
Florida Gulf Coast UniversityFort Myers1122,3094.8
Florida State UniversityTallahassee3787,7504.8
Chipola CollegeMarianna4884.5
New College Of FloridaSarasota51543.2
University Of FloridaGainesville1856,9652.6
Source: U.S. Department of Education

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Organizations in this Story

Broward College Chipola College College of Central Florida Daytona State College Eastern Florida State College Florida Atlantic University Florida Gulf Coast University Florida International University Florida SouthWestern State College Florida State College at Jacksonville Gulf Coast State College Hillsborough Community College Miami Dade College New College of Florida Palm Beach State College Pensacola State College Polk State College Seminole State College of Florida South Florida State College University of Central Florida University of Florida University of North Florida Valencia College

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