Tampa Bay college students to add at least $5.6B in federal loan debt, according to FAFSA data

Education

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TAMPA, Fla. (WFLA) — The COVID-19 pandemic challenged norms and bruised the economy as uncertainty swept the globe and businesses closed due to restrictions and loss of income. Across the country, less money coming in meant fewer people were able to pay bills, including student loans.

In Tampa Bay, data from the U.S. Department of Education shows that more than 141,000 students have already been awarded financial aid for the 2021-2022 application cycle, as of its second quarterly report. Based on those figures, and the average debt per student in Florida, Tampa Bay could add more than $5.6 billion to the state’s total loan debt over the next four years.

Still, the amount of money owed could go up as applications for FAFSA continue across the U.S., as well as debt from private loans. The data for private loans, those not owned by the federal government, was not fully available. Amidst the economic downturn and subsequent recovery caused by the coronavirus pandemic, student loan payments were temporarily paused.

Now, a debate over what the next steps are for the trillions of dollars of student debt across the U.S. have become a major point of debate for the Biden administration and Congress, as declining enrollment numbers start to reverse course.

No interest, payments paused on federal loans due to COVID-19

As part of the passage of the Coronavirus Aid Relief and Economic Security Act passed in March 2020, “Principal and interest payments on federally held student loans are automatically suspended through September 30, 2021,” according to the Consumer Finance Protection Bureau. Private loans, those not owned by the federal government, did not receive the same protections for their borrowers.

An executive order from President Joe Biden extended the no-principal, no-interest payment dates through at least October of this year, according to CNBC. Biden’s political allies have made pushes to outright cancel $50,000 of student loan debt per American, but the president has not signed on to that plan.

In Florida, a recent University of South Florida survey found that two-thirds of survey respondents think Biden should extend the pause on loan payments until the end of the year, or into 2022. Of the 600 surveyed, 28% say the pause should end in 2021, while 39% want it extended into 2022.

The pause on student loans repayments for federal loans has been a boon for those suffering from the economic effects from the COVID-19 pandemic, but new students are still borrowing, regardless of the way the economy is running.

Florida institutions and collective loan debt holders

The U.S. Department of Education publishes data on how many applications each individual state receives, and how many applications are awarded to individual postsecondary institutions through federal financial aid programs for the 2021-2022 application cycle.

For schools in Tampa Bay, the 2021-2022 cycle shows just over 141,000 students had been awarded FAFSA, as of the Q2 report.

If all of the students already approved for financial aid so far complete a four-year degree at the current debt level per student, as averaged by EducationData.org, Tampa Bay students could be on the hook for $5,600,161,400 in new student loan debt.

That number comes from the current state average amount of student debt accrued over time in school in Florida, assuming students do not earn any additional scholarships, and do not take on any additional degrees or enter graduate school before entering the workforce.

Institution NameSchool TypeTotal Students to Date, current cycle
BARRY UNIVERSITY                        Private      8,654
BARRY UNIVERSITY – ORLANDO              Private      1,298
BETHUNE COOKMAN UNIVERSITY              Private      5,030
ST THOMAS UNIVERSITY                    Private      4,389
FLORIDA INSTITUTE OF TECHNOLOGY         Private      7,992
EASTERN FLORIDA STATE COLLEGE           Public       6,105
COLLEGE OF CENTRAL FLORIDA              Public       4,643
CHIPOLA  COLLEGE                        Public       765
DAYTONA STATE COLLEGE                   Public       7,086
FLORIDA SOUTHWESTERN STATE COLLEGE      Public       8,991
EDWARD WATERS COLLEGE                   Private      1,897
EMBRY-RIDDLE AERONAUTICAL UNIV          Private      15,712
FLORIDA A & M UNIVERSITY                Public       25,400
FLORIDA ATLANTIC UNIVERSITY             Public       40,986
FLORIDA ATLANTIC UNIVERSITY/DAVIE       Public       3,584
FLORIDA ATLANTIC UNIV-JUPITER/PSL       Public       1,916
FLORIDA COLLEGE                         Private      458
FLORIDA STATE COLLEGE AT JACKSONVILLE   Public       14,574
COLLEGE OF THE FLORIDA KEYS (THE)       Public       647
FLORIDA MEMORIAL UNIVERSITY             Private      2,111
ECKERD COLLEGE                          Private      4,629
FLORIDA SOUTHERN COLLEGE                Private      6,632
FLORIDA STATE UNIVERSITY                Public       75,704
GULF COAST STATE COLLEGE                Public       2,583
INDIAN RIVER STATE COLLEGE              Public       6,799
JACKSONVILLE UNIVERSITY                 Private      6,447
ALTIERUS CAREER COLLEGE                 Private      483
BROWARD COLLEGE- DOWNTOWN CTR           Public       22,739
FLORIDA GATEWAY COLLEGE                 Public       1,597
LAKE SUMTER COMMUNITY COLLEGE           Public       2,247
STATE COLLEGE OF FLORIDA, MANATEE-SARASOPublic       4,669
LYNN UNIVERSITY                         Private      4,371
MIAMI DADE COLLEGE ADMINISTRATION ONLY  Public       1,370
MIAMI DADE COLLEGE – NORTH CAMPUS       Public       9,729
MIAMI DADE COLLEGE – KENDALL CAMPUS     Public       12,960
MIAMI DADE COLLEGE –  WOLFSON CAMPUS    Public       8,497
MIAMI DADE COLLEGE – MEDICAL CAMPUS     Public       4,848
MIAMI DADE COLLEGE – HOMESTEAD CAMPUS   Public       3,905
MIAMI DADE COLLEGE – EDUARDO J. PADRON CPublic       4,024
MIAMI DADE COLLEGE – HIALEAH CAMPUS     Public       4,776
MIAMI DADE COLLEGE – WEST CAMPUS        Public       2,859
NORTH FLORIDA COMMUNITY COLLEGE         Public       603
NOVA SOUTHEASTERN UNIVERSITY            Private      22,721
NORTHWEST FLORIDA STATE COLLEGE         Public       2,209
PALM BEACH COMMUNITY COLLEGE            Public       12,951
PENSACOLA STATE COLLEGE                 Public       5,208
POLK STATE COLLEGE                      Public       5,773
ROLLINS COLLEGE                         Private      5,135
SANTA FE COLLEGE                        Public       8,521
SEMINOLE STATE COLLEGE OF FLORIDA       Public       8,966
SOUTHEASTERN UNIVERSITY                 Private      5,102
SOUTH FLORIDA STATE COLLEGE             Public       1,771
SAINT JOHNS RIVER STATE COLLEGE         Public       2,683
SAINT LEO UNIVERSITY                    Private      9,160
ST. PETERSBURG COLLEGE                  Public       13,351
STETSON UNIVERSITY                      Private      6,686
STETSON UNIVERSITY – COLLEGE OF LAW     Private      1,205
TALLAHASSEE COMMUNITY COLLEGE           Public       7,306
UNIVERSITY OF FLORIDA                   Public       85,499
UNIVERSITY OF MIAMI                     Private      39,032
UNIV OF MIAMI SCHOOL OF LAW             Private      1,897
UNIV OF MIAMI-SCH OF MEDICINE           Private      1,990
UNIVERSITY OF SOUTH FLORIDA SYSTEM      Public       63,590
UNIVERSITY OF TAMPA (THE)               Private      23,579
WEBBER INTERNATIONAL UNIVERSITY         Private      1,800
NATIONAL-LOUIS UNIVERSITY               Private      105
TRINITY INTERNATIONAL UNIVERSITY – SOUTHPrivate      102
UNIV OF CENTRAL FLORIDA                 Public       94,202
UNIVERSITY OF WEST FLORIDA              Public       11,491
AMERICAN COLLEGE FOR MEDICAL CAREERS    Proprietary  500
LIVELY TECHNICAL COLLEGE                Public       957
LINDSEY HOPKINS TECHNICAL COLLEGE       Public       430
D G ERWIN TECHNICAL CENTER              Public       980
PINELLAS TECHNICAL COLLEGE – CLEARWATER Public       675
SUNCOAST TECHNICAL COLLEGE              Public       428
TRAVISS TECHNICAL COLLEGE               Public       680
MANATEE TECHNICAL COLLEGE               Public       869
MANATEE TECHNICAL COLLEGE – EAST CAMPUS Public       476
VALENCIA COMMUNITY COLLEGE              Public       30,156
RIVEROAK TECHNICAL COLLEGE               Public       146
FLORIDA PANHANDLE TECHNICAL COLLEGE     Public       160
FORT MYERS TECHNICAL COLLEGE            Public       795
HILLSBOROUGH COMMUNITY COLLEGE          Public       15,371
FLAGLER COLLEGE                         Private      5,169
FLAGLER COLLEGE – TALLAHASSEE COMMUNITY Private      490
ST JOHN VIANNEY COLLEGE SEMINARY        Private      11
ST. VINCENT DE PAUL REGIONAL SEMINARY   Private      10
RASMUSSEN COLLEGE – OCALA               Proprietary  4,929
RASMUSSEN COLLEGE – NEW PORT RICHEY     Proprietary  1,171
RASMUSSEN COLLEGE – FORT MYERS          Proprietary  1,205
RASMUSSEN COLLEGE – TAMPA               Proprietary  1,535
RASMUSSEN COLLEGE – LAND O’ LAKES       Proprietary  392
WARNER UNIVERSITY                       Private      1,008
PALM BEACH ATLANTIC UNIVERSITY          Private      4,627
MIAMI INTERNATIONAL UNIV ART&DESIGN     Proprietary  1,347
FLORIDA INTERNATIONAL UNIVERSITY        Public       57,454
UNIVERSITY OF NORTH FLORIDA             Public       20,901
SHERIDAN TECHNICAL COLLEGE              Public       1,207
LORAINES ACADEMY & SPA                  Proprietary  74
ART INSTITUTE OF FORT LAUDERDALE (THE)  Proprietary  240
PASCO – HERNANDO STATE COLLEGE          Public       5,196
CARLOS ALBIZU UNIVERSITY                Private      491
TOM P. HANEY TECHNICAL CENTER           Public       303
ATLANTIC TECHNICAL CENTER               Public       950
FIRST COAST TECHNICAL COLLEGE           Public       479
RINGLING COLLEGE OF ART AND DESIGN      Private      2,745
SOUTH UNIVERSITY – WEST PALM BEACH      Proprietary  622
LORENZO WALKER TECHNICAL COLLEGE        Public       348
CONCORDE CAREER INSTITUTE               Proprietary  795
PINELLAS TECHNICAL COLLEGE ST PETERSBURGPublic       1,240
FASHION FOCUS HAIR ACADEMY              Proprietary  27
PAUL MITCHELL THE SCHOOL-JACKSONVILLE   Proprietary  236
KEISER  UNIVERSITY                      Private      14,846
BAPTIST COLLEGE OF FLORIDA (THE)        Private      172
CONCORDE CAREER INSTITUTE               Proprietary  400
HOBE SOUND BIBLE COLLEGE                Private      55
LAKE TECHNICAL COLLEGE                  Public       712
INTERNATIONAL ACADEMY                   Proprietary  52
NUC UNIVERSITY – FLORIDA TECHNICAL COLLEProprietary  1,830
NUC UNIVERSITY – FLORIDA TECHNICAL COLLEProprietary  151
NUC UNIVERSITY – FLORIDA TECHNICAL COLLEProprietary  159
CONCORDE CAREER INSTITUTE               Proprietary  231
SOUTHWEST FLORIDA COLLEGE               Proprietary  615
SOUTHWEST FLORIDA COLLEGE – TAMPA       Proprietary  627
SOUTHWEST FLORIDA COLLEGE – PORT CHARLOTProprietary  270
CORTIVA INSTITUTE                       Proprietary  83
LA BELLE BEAUTY SCHOOL                  Proprietary  41
CHARLOTTE TECHNICAL COLLEGE             Public       267
WITHLACOOCHEE TECHNICAL COLLEGE         Public       276
FLORIDA CAREER COLLEGE                  Proprietary  1,502
FLORIDA CAREER COLLEGE                  Proprietary  606
FLORIDA CAREER COLLEGE – WEST PALM BEACHProprietary  888
FLORIDA CAREER COLLEGE -HIALEAH         Proprietary  78
FLORIDA CAREER COLLEGE – LAUDERDALE LAKEProprietary  758
FLORIDA CAREER COLLEGE –  TAMPA         Proprietary  875
FLORIDA CAREER COLLEGE – JACKSONVILLE   Proprietary  1,076
FLORIDA CAREER COLLEGE – BOYNTON BEACH  Proprietary  549
FLORIDA CAREER COLLEGE – MARGATE        Proprietary  504
FLORIDA CAREER COLLEGE – ORLANDO        Proprietary  680
GEORGE STONE TECHNICAL COLLEGE          Public       513
SCHILLER INTERNATIONAL UNIVERSITY       Proprietary  62
MIAMI LAKES EDUCATIONAL CENTER AND TECHNPublic       399
ORANGE TECHNICAL COLLEGE – WESTSIDE CAMPPublic       496
KEY COLLEGE                             Proprietary  13
MERIDIAN COLLEGE                        Proprietary  161
SUNSTATE ACADEMY OF HAIR DESIGN         Private      316
FLORIDA INSTITUTE OF ULTRASOUND         Proprietary  174
FT PIERCE BEAUTY ACADEMY                Proprietary  86
WYOTECH                                 Private      8
FULL SAIL UNIVERSITY                    Proprietary  23,256
ACADEMY OF COSMETOLOGY                  Proprietary  165
ORANGE TECHNICAL COLLEGE – MID FLORIDA CPublic       1,134
ORANGE TECHNICAL COLLEGE-WINTER PARK CAMPublic       266
TALMUDIC COLLEGE OF FLORIDA             Private      8
RIDGE TECHNICAL COLLEGE                 Public       574
ORANGE TECHNICAL COLLEGE – ORLANDO CAMPUPublic       1,195
CITY COLLEGE                            Private      626
SARASOTA SCHOOL OF MASSAGE THERAPY      Proprietary  79
JONES TECHNICAL INSTITUTE               Private      330
SUNSTATE ACADEMY – JONES TECHNICAL INSTIPrivate      9
JONES TECHNICAL INSTITUTE-SUNSTATE ACADEPrivate      109
ROBERT MORGAN EDUCATIONAL CENTER & TECHNPublic       329
PAUL MITCHELL THE SCHOOL ORLANDO        Proprietary  251
PAUL MITCHELL THE SCHOOL TAMPA          Proprietary  268
FLORIDA NATIONAL UNIVERSITY             Proprietary  1,944
FLORIDA NATIONAL UNIVERSITY – SOUTH CAMPProprietary  1,367
FLORIDA NATIONAL UNIVERSITY – TRAINING AProprietary  305
RADFORD LOCKLIN TECH CENTER             Public       138
LA BELLE BEAUTY ACADEMY                 Proprietary  79
MEDTECH INSTITUTE                       Proprietary  590
BREWSTER TECHNICAL COLLEGE              Public       360
SALON PROFESSIONAL ACADEMY – MELBOURNE, Proprietary  153
WILLIAM T MCFATTER TECHNICAL COLLEGE    Public       656
CORTIVA INSTITUTE                       Proprietary  160
ASM BEAUTY WORLD ACADEMY                Proprietary  30
BENE’S CAREER ACADEMY                   Proprietary  190
TRINITY COLLEGE OF FLORIDA              Private      181
INTERNATIONAL ACADEMY OF DESIGN AND TECHNOLOGYProprietary  110
NATIONAL AVIATION ACADEMY               Proprietary  688
HODGES UNIVERSITY                       Private      648
COLLEGE OF BUSINESS & TECHNOLOGY        Proprietary  408
DECKER SCHOOL OF CONSTRUCTION CRAFTS INCProprietary  52
MIAMI MEDIA SCHOOL                      Proprietary  39
GEORGE T. BAKER AVIATION TECHNICAL COLG Public       324
CITY COLLEGE                            Private      352
NOUVELLE INSTITUTE                      Proprietary  7
MERCY HOSPITAL SCHOOL OF PRACTICAL NSG  Proprietary  156
TAYLOR TECHNICAL INSTITUTE              Public       63
TRINITY BAPTIST COLLEGE                 Private      337
MARION COUNTY COMMUNITY TECH & ADUL     Public       733
EVERGLADES UNIVERSITY                   Private      1,347
COM-PU-MED VOCATIONAL CAREERS           Proprietary  53
PRAXIS INSTITUTE                        Proprietary  97
ADVENTHEALTH                            Private      2,490
SOUTHEASTERN COLLEGE                    Proprietary  716
MIAMI AD SCHOOL                         Proprietary  97
OSCEOLA TECHNICAL COLLEGE               Public       520
CAPE CORAL TECHNICAL COLLEGE            Public       339
UNIVERSITY OF ST. AUGUSTINE FOR HEALTH SProprietary  2,844
NEW PROFESSIONS TECHNICAL INSTITUTE     Proprietary  78
OKALOOSA TECHNICAL COLLEGE AND CHOICE HIPublic       262
FLORIDA COLLEGE OF INTEGRATIVE MED      Proprietary  180
FLORIDA GULF COAST UNIVERSITY           Public       21,944
YESHIVA GEDOLAH RABBINICAL COLLEGE      Private      10
SOUTH FLORIDA BIBLE COLLEGE AND THEOLOGIPrivate      97
ACADEMY FOR NURSING AND HEALTH OCCUPATIOPrivate      737
BEACON COLLEGE                          Private      445
FLORIDA COASTAL SCHOOL OF LAW           Proprietary  430
NORTH FLORIDA TECHNICAL COLLEGE         Public       161
INTERNATIONAL TRAINING CAREERS          Private      24
ACUPUNCTURE AND MASSAGE COLLEGE         Proprietary  152
ATLANTIC INST OF ORIENTAL MEDICINE      Private      110
EAST WEST COLLG OF NATURAL MEDICINE     Proprietary  88
NEW CONCEPT MASSAGE AND BEAUTY SCHO     Proprietary  38
FORTIS COLLEGE                          Proprietary  470
FORTIS COLLEGE – FORTIS INSTITUTE       Proprietary  547
AMERICAN ADVANCED TECHNICIANS INST      Proprietary  75
ULTIMATE MEDICAL ACADEMY                Private      8,579
NORTH FLORIDA COSMETOLOGY INSTITUTE     Proprietary  190
ENGLISH CENTER (THE)                    Public       36
FLORIDA BARBER ACADEMY                  Proprietary  58
FLORIDA EDUCATION INSTITUTE             Proprietary  138
SOUTH FLORIDA INSTITUTE OF TECHNOLO     Proprietary  651
AVE MARIA SCHOOL OF LAW                 Private      294
SABER                                   Private      55
WEST COAST UNIVERSITY – MIAMI           Proprietary  704
HOLLYWOOD INSTITUTE                     Proprietary  111
ADVANCE SCIENCE COLLEGE                 Proprietary  76
BEAUTY INSTITUTE (THE)                  Proprietary  111
ARTISTIC NAILS & BEAUTY ACADEMY         Proprietary  298
FLORIDA ACADEMY OF HEALTH & BEAUTY      Proprietary  65
SAE INSTITUTE OF TECHNOLOGY – MIAMI     Proprietary  108
CAMBRIDGE INSTITUTE OF ALLIED HEALTH    Proprietary  449
UNIVERSAL BEAUTY SCHOOL                 Proprietary  106
FLORIDA SCHOOL OF TRADITIONAL MIDWIFERY Private      87
DRAGON RISES COLLEGE OF ORIENTAL MEDICINPrivate      49
SOUTHERN TECHNICAL COLLEGE              Proprietary  1,572
PAUL MITCHELL THE SCHOOL GREAT LAKES PA Proprietary  84
DAYTONA COLLEGE                         Proprietary  288
AVE MARIA UNIVERSITY                    Private      1,763
NEW COLLEGE OF FLORIDA                  Public       1,603
CDA TECHNICAL INSTITUTE                 Proprietary  356
AVIATOR COLLEGE OF AERONAUTICAL SCIENCE Proprietary  145
AMERICAN INSTITUTE OF BEAUTY            Proprietary  321
TRENDSETTERS OF FLORIDA SCHOOL OF BEAUTYProprietary  75
ATA COLLEGE-ATA CAREER EDUCATION        Proprietary  271
CAMBRIDGE COLG OF HEALTHCARE & TECHNOLOGProprietary  733
PENSACOLA SCHOOL OF MASSAGE THERAPY & HEProprietary  81
PALM BEACH ACADEMY OF HEALTH & BEAUTY   Proprietary  74
FUTURE-TECH INSTITUTE                   Proprietary  64
TAYLOR COLLEGE                          Proprietary  362
AVEDA INSTITUTE – SAINT PETERSBURG      Proprietary  817
PAUL MITCHELL THE SCHOOL MIAMI          Proprietary  114
ACADEMY OF CAREER TRAINING              Proprietary  262
MIAMI REGIONAL UNIVERSITY               Proprietary  971
FLORIDA SCHOOL OF MASSAGE               Proprietary  89
SHEAR EXCELLENCE INTERNATIONAL HAIR ACADProprietary  112
ACADEMY FOR FIVE ELEMENT ACUPUNCTURE    Private      103
FUTURA CAREER INSTITUTE                 Proprietary  49
AVEDA INSTITUTE – TALLAHASSEE           Proprietary  703
COZMO BEAUTY SCHOOL                     Proprietary  41
CELEBRITY SCHOOL OF BEAUTY              Proprietary  165
EMERALD COAST TECHNICAL COLLEGE         Public       192
FRED K. MARCHMAN TECHNICAL COLLEGE      Public       215
MEDICAL INSTITUTE OF PALM BEACH         Proprietary  98
IMMOKALEE TECHNICAL COLLEGE             Public       148
AMERICAN ACADEMY OF COSMETOLOGY         Proprietary  138
UNIVERSITY OF FORT LAUDERDALE           Private      238
AVIATION INSTITUTE OF MAINTENANCE       Proprietary  375
L3 COMMERCIAL TRAINING SOLUTIONS AIRLINEProprietary  139
FLAGLER TECHNICAL INSTITUTE             Public       144
JOSE MARIA VARGAS UNIVERSITY            Proprietary  29
HOLLYWOOD INSTITUTE OF BEAUTY CAREERS   Proprietary  349
SUMMIT SALON ACADEMY                    Proprietary  204
SUMMIT SALON ACADEMY – GAINESVILLE      Proprietary  130
TENAJ SALON INSTITUTE                   Proprietary  55
D. A. DORSEY TECHNICAL COLLEGE          Public       88
SALON PROFESSIONAL ACADEMY (THE)        Proprietary  79
BEAUTY ACADEMY OF SOUTH FLORIDA         Proprietary  91
MILLENNIA ATLANTIC UNIVERSITY           Proprietary  11
HCI COLLEGE                             Proprietary  562
FLORIDA ACADEMY                         Proprietary  254
AMERICAN MEDICAL ACADEMY                Proprietary  273
TREASURE COAST TECHNICAL COLLEGE        Public       94
APARICIO-LEVY TECHNICAL COLLEGE         Public       207
FLORIDA INSTITUTE OF RECORDING, SOUND ANProprietary  527
FLORIDA VOCATIONAL INSTITUTE            Proprietary  237
SOUTH DADE TECHNICAL COLLEGE-SOUTH DADE Public       107
SHEAR FINESSE BEAUTY ACADEMY            Proprietary  53
ULTRASOUND MEDICAL INSTITUTE            Proprietary  106
KAIZEN BEAUTY ACADEMY                   Proprietary  40
PRESTIGE HEALTH & BEAUTY SCIENCES ACADEMProprietary  27
SAN IGNACIO UNIVERSITY                  Proprietary  17
BOCA BEAUTY ACADEMY                     Proprietary  200
MORE TECH INSTITUTE                     Proprietary  20
INTERAMERICAN TECHNICAL INSTITUTE       Proprietary  24
PARISIAN SPA INSTITUTE                  Proprietary  210
MERRYFIELD SCHOOL OF PET GROOMING       Proprietary  18
MCDOUGLE TECHNICAL INSTITUTE            Proprietary  96
FIRST COAST BARBER ACADEMY              Proprietary  75
GADSDEN TECHNICAL INSTITUTE             Public       35
UNITED INTERNATIONAL COLLEGE            Proprietary  27
LEE PROFESSIONAL INSTITUTE              Proprietary  57
ATLANTIS UNIVERSITY                     Proprietary  332
FLORIDA INTERNATIONAL TRAINING INSTITUTEProprietary  121
LATIN BEAUTY ACADEMY                    Proprietary  33
MED ACADEMY                             Proprietary  126
PIBERRY INSTITUTE                       Proprietary  39
CENTER FOR NEUROSOMATIC STUDIES         Proprietary  32
NATIONAL PERSONAL TRAINING INSTITUTE    Proprietary  49
HOPE COLLEGE OF ARTS AND SCIENCES       Proprietary  86
WORLD CLASS ACADEMY OF BEAUTY CAREERS   Proprietary  109
PETS PLAYGROUND GROOMING SCHOOL         Proprietary  23
MEDICAL PREP INSTITUTE OF TAMPA BAY     Proprietary  227
PREMIERE INTERNATIONAL COLLEGE          Proprietary  51
FLORIDA POLYTECHNIC UNIVERSITY          Public       2,483
AMERICAN BEAUTY SCHOOLS                 Proprietary  180
UR BEAUTY & BARBER ACADEMY              Proprietary  33
SUNCOAST TECHNICAL EDUCATION CENTER     Public       63
BELLASA PROFESSIONAL INSTITUTE          Proprietary  32
INSTALLER INSTITUTE                     Proprietary  46
GLOBAL MEDICAL & TECHNICAL TRAINING INSTProprietary  45
KCK BEAUTY & BARBER ACADEMY             Proprietary  74
ANTIGUA COLLEGE INTERNATIONAL           Proprietary  63
MARIANO MORENO CULINARY INSTITUTE       Proprietary  89
ADRIAN H. WALLACE BARBER ACADEMY (THE)  Proprietary  74
TOTAL BEAUTY INSTITUTE                  Private      88
FLORIDA PROFESSIONAL INSTITUTE          Proprietary  32
RUBEN’S FIVE STAR ACADEMY               Proprietary  18
FLORIDA ACADEMY OF NURSING, THE         Proprietary  257
(Source: U.S. Dept. of Education)

Loan applications continue

From October 2020 to March 2021, 596,244 FAFSA applications were awarded in Florida. 214,068 were approved from Jan. 1, 2021 to March 31, 2021, according to data from the United States Department of Education.

By a slim margin, more independent Florida students received educational awards from the Free Application for Federal Student Aid than dependent students. This means that more students living on their own, or at least not fiscally dependent on their families or parents for tax purposes, were awarded student in the most recent quarter.

The opposite was true in the previous quarter, from Oct. 1, 2020 to Dec. 31, 2020, when more dependent students received aid than independent. However, Q2 numbers are cumulative, to date, for the 2021-2022 application cycle.

The average Floridian with student loans has about $40,000 educational debt, according to EducationData.org’s June 2021 update on student debt across the U.S. The updated report says that Florida’s students have $39,700 in debt on average, making the state’s more than 2.3 million residents with loans owe $94.3 million in unpaid student debt.

Overall, the report says that’s 11% of the Florida population, and notes that “Florida residents are less likely to have outstanding student loans but with a higher amount due.”

Considering the average amount Florida students owe, the 2021-2022 application cycle means the state population will have taken on roughly $23,670,886,800 in additional debt for just those approved in the first two quarters, assuming all of the students take on loans for a standard amount of time in higher education, or the completion of a four-year degree.

Applications continue, with at least four more quarters remaining this year in the 2021-2022 cycle.

Previous years had a different number of application quarters, between six and seven, as far back as the 2006-2007 application cycle.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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