by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Goodfellas Barber College, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Goodfellas Barber College specifically, 60% of incoming undergraduates borrow in year one, at roughly $11,453 each, across private and federal loan sources.
On the federal side, the average loan is $11,453. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
Counting every undergraduate at Goodfellas Barber College, 64% borrow through federal student loan programs, averaging $11,351 a year. It comes to 0.9% smaller than the freshman federal average of $11,453.
Borrowing the same amount each year would add up to roughly $22,702 by year two and around $45,404 over four years. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 64% |
| Average federal loan per year | $11,351 |
| Undergraduates with a federal loan | 34 |
| Total federal loans (one year) | $385,921 |
The median student at Goodfellas Barber College borrows $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $16,500 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
The indicators below describe what the typical debt costs to pay back at Goodfellas Barber College.
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.
Did You Know?
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.