by our College Data Analytics TeamBelow is federal data on the loans students use to pay for J’s Barber College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At J’s Barber College, 100% of freshmen borrow to help pay for their first year, at roughly $7,728 apiece. This figure includes both private and federally funded student loans.
The typical federal loan comes to $7,728. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Looking at all undergraduates at J’s Barber College, freshmen included, 53% use federal student loans to help pay for their education, averaging $8,270 annually. It comes to 7.0% higher than the $7,728 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $16,540 across two years and $33,080 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 53% |
| Average federal loan per year | $8,270 |
| Undergraduates with a federal loan | 23 |
| Total federal loans (one year) | $190,218 |
The median student at J’s Barber College borrows $13,250 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,250 |
The indicators below describe what the typical debt costs to pay back at J’s 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.
Worth Knowing
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.