A student loan is designed to help students pay for university tuition, books, and living expenses. It may differ from other types of loans in that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. 

Fifty-two percent of USF’s undergraduate students borrow on average $21,565 at graduation. Those same figures nationally are 69% and $29,800 respectively. Our 2015 cohort default rate was 3.4%, compared to the national default rate of 10.8%.