by our College Data Analytics TeamBelow is federal data on the loans students use to pay for UR Beauty & Barber Academy: 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 UR Beauty & Barber Academy, 61% of new students use loans toward freshman-year expenses, with a typical loan of $4,590 each, across private and federal loan sources.
The average federally funded loan is $4,590, equal to roughly 83.5% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Across the full undergraduate body at UR Beauty & Barber Academy (freshmen included), 57% rely on federal student loans toward their education, for a typical $5,318 each per year. That is 15.9% more than the freshman federal average of $4,590.
At a steady annual pace, that totals around $10,636 over two years and about $21,272 over a four-year span. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 57% |
| Average federal loan per year | $5,318 |
| Undergraduates with a federal loan | 32 |
| Total federal loans (one year) | $170,161 |
The median student at UR Beauty & Barber Academy borrows $7,667 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,667 |
| Students who completed (graduates) | $13,000 |
These figures turn the debt totals into a monthly repayment picture for UR Beauty & Barber Academy.
The Difference Between Subsidized and 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.
Important to Remember
Declaring bankruptcy does not erase federal student loan debt. If you stop paying, the federal government can garnish a portion of your wages until the loans are repaid.
References
More about our data sources and methodologies.