by our College Data Analytics TeamHere you will find what students actually borrow to attend Arkansas College of Barbering and Hair Design, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Arkansas College of Barbering and Hair Design, 83% of incoming students take out a loan to help cover first-year costs, for an average of $5,801 per borrower, covering both private and federal loans.
On the federal side, the average loan is $5,801. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Arkansas College of Barbering and Hair Design, 68% use federal student loans to help pay for their education, with a mean of $6,432 in federal loans per year. This works out to 10.9% larger than the first-year federal average of $5,801.
Carrying that yearly figure forward comes to roughly $12,864 across two years and $25,728 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 68% |
| Average federal loan per year | $6,432 |
| Undergraduates with a federal loan | 80 |
| Total federal loans (one year) | $514,568 |
The median student at Arkansas College of Barbering and Hair Design borrows $9,833 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,833 |
| Students who completed (graduates) | $16,500 |
| Students who withdrew | $5,500 |
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 Arkansas College of Barbering and Hair Design.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,750 |
| 25th percentile | $4,750 |
| 75th percentile | $16,285 |
| 90th percentile (highest-debt students) | $16,500 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Arkansas College of Barbering and Hair Design.
Repayment burden translates the debt figures into what a borrower actually pays each month. Arkansas College of Barbering and Hair Design.
A loan default — failing to keep up with federal student-loan payments — is one of the worst financial outcomes a borrower can face. The federal two-year cohort default rate for Arkansas College of Barbering and Hair Design is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.0% |
| Borrowers in the cohort | 98 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
Borrowing varies by family income, by first-generation status, and by dependency status.
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $13,000 |
Federal data publishes the following gap measures for Arkansas College of Barbering and Hair Design.
Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
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.