by our College Data Analytics TeamHere you will find what students actually borrow to attend Alamo City Barber College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Looking at the entering class at ACBC, 89% of incoming undergraduates borrow in year one, with a typical loan of $5,408 per student, private and federal loans combined.
The typical federal loan comes to $5,408, representing 98.3% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Counting every undergraduate at ACBC, 67% rely on federal student loans toward their education, for a typical $3,961 in federal loans per year. This is 26.8% lower than the freshman federal average of $5,408.
At a steady annual pace, that totals around $7,922 by year two and around $15,844 by the fourth year. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 67% |
| Average federal loan per year | $3,961 |
| Undergraduates with a federal loan | 173 |
| Total federal loans (one year) | $685,295 |
Graduating and withdrawing students at ACBC carry a median federal debt of $5,281 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $5,281 |
| Students who completed (graduates) | $6,937 |
| Students who withdrew | $2,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Half of all borrowers fall between the 25th and 75th percentiles shown below for ACBC.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,828 |
| 25th percentile | $5,698 |
| 75th percentile | $14,500 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at ACBC.
The indicators below describe what the typical debt costs to pay back at ACBC.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $5,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $5,500 |
| Independent students | $5,001 |
Federal data publishes the following gap measures for ACBC.
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.
Important to Remember
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.