by our College Data Analytics TeamHere you will find what students actually borrow to attend Florida Barber Academy, including completion-adjusted borrowing and a standard repayment estimate. All figures come from the U.S. Department of Education and IPEDS.
At Florida Barber Academy specifically, 59% of new students use loans toward freshman-year expenses, borrowing on average $8,269 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $8,269. That sits at or beyond the $5,500 first-year federal limit 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.
For undergraduates overall at Florida Barber Academy, 49% take out federal student loans, for a typical $7,312 per year. That is 11.6% lower than the $8,269 typical freshmen borrow.
Repeating that yearly amount projects to about $14,624 across two years and $29,248 after four. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 49% |
| Average federal loan per year | $7,312 |
| Undergraduates with a federal loan | 203 |
| Total federal loans (one year) | $1,484,288 |
The middle borrower at Florida Barber Academy owes $13,000 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $13,000 |
| Students who completed (graduates) | $13,000 |
| Students who withdrew | $6,333 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Florida Barber Academy.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $2,253 |
| 25th percentile | $3,817 |
| 75th percentile | $13,000 |
| 90th percentile (highest-debt students) | $13,000 |
The gap between the 10th and 90th percentile is the clearest single measure of how widely borrowing varies at Florida Barber Academy.
The indicators below describe what the typical debt costs to pay back at Florida Barber Academy.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Florida Barber Academy follows.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 42.5% |
| Borrowers in the cohort | 362 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Family Income
| Income tier | Median federal debt |
|---|---|
| Low income | $13,000 |
By Dependency Status
| Cohort | Median federal debt |
|---|---|
| Dependent students | $7,667 |
| Independent students | $13,000 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Florida Barber Academy.
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.
Important to Remember
Unlike most other debt, federal student loans generally survive bankruptcy — and unpaid balances can lead to wage garnishment — so borrow only what you truly need.
References
More about our data sources and methodologies.