by our College Data Analytics TeamHere you will find what students actually borrow to attend Buckner Barber School: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
Looking at the entering class at Buckner Barber School, 86% of incoming undergraduates borrow in year one, averaging $9,077 per student, private and federal loans combined.
The typical federal loan comes to $9,077. 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.
For undergraduates overall at Buckner Barber School, 81% finance part of their studies with federal loans, at an average of $7,539 a year. That amounts to 16.9% below the $9,077 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $15,078 after two years and $30,156 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 81% |
| Average federal loan per year | $7,539 |
| Undergraduates with a federal loan | 58 |
| Total federal loans (one year) | $437,242 |
The median student at Buckner Barber School borrows $4,750 of cumulative federal debt.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $4,750 |
| Students who withdrew | $4,750 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Repayment burden translates the debt figures into what a borrower actually pays each month. Buckner Barber School.
The Department of Education computes gap indicators that show how borrowing differs between student groups at Buckner Barber School.
The Difference Between Subsidized and 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.
Worth Knowing
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.