by our College Data Analytics TeamBelow is federal data on the loans students use to pay for West Michigan College of Barbering and Beauty, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At West Michigan College of Barbering and Beauty, 46% of incoming undergraduates borrow in year one, at roughly $4,124 per borrower, covering both private and federal loans.
Federal loans alone average $4,124, or about 75.0% of the $5,500 federal limit that applies to a typical first-year dependent borrower. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at West Michigan College of Barbering and Beauty, 22% borrow through federal student loan programs, borrowing on average $7,163 each per year. It comes to 73.7% greater than the freshman federal average of $4,124.
Carrying that yearly figure forward comes to roughly $14,326 after two years and $28,652 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 | 22% |
| Average federal loan per year | $7,163 |
| Undergraduates with a federal loan | 29 |
| Total federal loans (one year) | $207,727 |
The middle borrower at West Michigan College of Barbering and Beauty owes $9,500 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $10,433 |
| Students who withdrew | $4,750 |
Debt carried by students who withdrew is a key risk signal — these borrowers owe money without having earned the credential.
Half of all borrowers fall between the 25th and 75th percentiles shown below for West Michigan College of Barbering and Beauty.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,750 |
| 75th percentile | $12,537 |
Repayment burden translates the debt figures into what a borrower actually pays each month. West Michigan College of Barbering and Beauty.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. Two-year cohort default-rate data for West Michigan College of Barbering and Beauty follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 6.4% |
| Borrowers in the cohort | 9 |
This rate follows a borrower cohort from the start of repayment through the two-year window the Department of Education uses.
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.