by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Bull City Durham Beauty and Barber College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. The data below is drawn directly from federal sources.
At Bull City Durham Beauty and Barber College, 100% of first-year students take on loan debt, with a typical loan of $8,988 per borrower, covering both private and federal loans.
On the federal side, the average loan is $8,988. This meets or exceeds the $5,500 cap on first-year federal borrowing for the typical dependent freshman. Remember the all-undergraduate figures below leave out private loans, so they will look lower than this private-plus-federal freshman amount.
For undergraduates overall at Bull City Durham Beauty and Barber College, 72% take out federal student loans, borrowing on average $7,904 per year. This works out to 12.1% under the first-year federal average of $8,988.
Borrowing at that rate every year works out to about $15,808 by year two and around $31,616 after four. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 72% |
| Average federal loan per year | $7,904 |
| Undergraduates with a federal loan | 41 |
| Total federal loans (one year) | $324,079 |
Graduating and withdrawing students at Bull City Durham Beauty and Barber College carry a median federal debt of $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
| Students who completed (graduates) | $12,179 |
| Students who withdrew | $7,134 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The indicators below describe what the typical debt costs to pay back at Bull City Durham Beauty and Barber College.
Borrowing varies by family income, by first-generation status, and by dependency status.
Borrowing by Income Tier
| Income tier | Median federal debt |
|---|---|
| Low income | $9,500 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $9,833 |
| Independent students | $9,500 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Bull City Durham Beauty and Barber College.
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.
Important to Remember
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.