by our College Data Analytics TeamThis page focuses on the debt students take on to attend Wade Gordon Hairdressing Academy-Lubbock, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
For incoming students at Wade Gordon Hairdressing Academy-Lubbock, 82% of first-year students take on loan debt, borrowing on average $7,397 each, across private and federal loan sources.
On the federal side, the average loan is $7,397. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Looking at all undergraduates at Wade Gordon Hairdressing Academy-Lubbock, freshmen included, 73% borrow through federal student loan programs, with a mean of $5,541 annually. This is 25.1% under the $7,397 typical freshmen borrow.
Borrowing at that rate every year works out to about $11,082 in two years and roughly $22,164 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 | 73% |
| Average federal loan per year | $5,541 |
| Undergraduates with a federal loan | 107 |
| Total federal loans (one year) | $592,890 |
Graduating and withdrawing students at Wade Gordon Hairdressing Academy-Lubbock carry a median federal debt of $7,710 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $7,710 |
| Students who completed (graduates) | $9,833 |
| Students who withdrew | $4,750 |
Withdrawn-student debt matters because those borrowers carry the loans without the degree that helps repay them.
Half of all borrowers fall between the 25th and 75th percentiles shown below for Wade Gordon Hairdressing Academy-Lubbock.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,767 |
| 25th percentile | $4,750 |
| 75th percentile | $11,000 |
| 90th percentile (highest-debt students) | $13,833 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Wade Gordon Hairdressing Academy-Lubbock.
The indicators below describe what the typical debt costs to pay back at Wade Gordon Hairdressing Academy-Lubbock.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $7,128 |
| Middle income | $7,526 |
| High income | $9,833 |
First-Gen vs Continuing-Gen Borrowing
| Cohort | Median federal debt |
|---|---|
| First-generation students | $7,778 |
| Continuing-generation students | $7,666 |
Dependency-Status Comparison
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,447 |
| Independent students | $8,818 |
Federal data publishes the following gap measures for Wade Gordon Hairdressing Academy-Lubbock.
Subsidized vs. Unsubsidized Loans
Subsidized loans pause interest while you are in school; unsubsidized loans do not. That difference compounds over four years, so the type of loan you take matters as much as the amount.
Did You Know?
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.