Broward Community College has seen a 40% drop in students taking out federally subsidized loans.
This summer the youth advocacy group Generation Opportunity surveyed 18-29 year olds in Florida about loans and college.
About 65% said its more important to have a full time job at graduation than to have low student loan interest rates.
Paul Conway, president of the group, says, "We think its directly related to numbers like this that show there's a hesitation because if people aren't certain that they can graduate and get a full-time job, then they are less likely to go ahead and take on that loan amount."
And Conway says fear of debt has impacted whether students even enroll in college. 29% said they're putting college on hold.