by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Kentucky Horseshoeing School— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. These figures are reported by the Department of Education and IPEDS.
At Kentucky Horseshoeing School, 76% of incoming undergraduates borrow in year one, borrowing on average $9,889 each, across private and federal loan sources.
On the federal side, the average loan is $6,134. This is at or above the $5,500 first-year federal borrowing cap that applies to the typical dependent freshman. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Among all degree-seeking undergrads at Kentucky Horseshoeing School, 63% use federal student loans to help pay for their education, with a mean of $11,529 annually. That amounts to 88.0% higher than the freshman federal average of $6,134.
Borrowing the same amount each year would add up to roughly $23,058 in two years and roughly $46,116 by the fourth year. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 63% |
| Average federal loan per year | $11,529 |
| Undergraduates with a federal loan | 32 |
| Total federal loans (one year) | $368,928 |
The median student at Kentucky Horseshoeing School borrows $8,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,000 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Kentucky Horseshoeing School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $7,576 |
| 75th percentile | $9,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Kentucky Horseshoeing School.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Middle income | $8,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $8,000 |
| Independent students | $10,510 |
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
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.