by our College Data Analytics TeamHere you will find what students actually borrow to attend Larry’s Barber College, including completion-adjusted borrowing and a standard repayment estimate. The data below is drawn directly from federal sources.
At Larry’s Barber College, 100% of incoming undergraduates borrow in year one, with a typical loan of $3,395 each, across private and federal loan sources.
The average federally funded loan is $3,395, amounting to 61.7% of the $5,500 first-year federal borrowing limit for a typical dependent freshman. Be aware: the undergraduate-wide averages below exclude private loans, while this freshman number includes them.
Looking at all undergraduates at Larry’s Barber College, freshmen included, 61% rely on federal student loans toward their education, averaging $3,668 in federal loans per year. That is 8.0% higher than the $3,395 borrowed by freshmen.
Borrowing the same amount each year would add up to roughly $7,336 by year two and around $14,672 over a four-year span. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 61% |
| Average federal loan per year | $3,668 |
| Undergraduates with a federal loan | 36 |
| Total federal loans (one year) | $132,048 |
Graduating and withdrawing students at Larry’s Barber College carry a median federal debt of $3,723 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,723 |
| Students who completed (graduates) | $3,945 |
| Students who withdrew | $3,500 |
The figure for students who withdrew is worth watching: debt without a completed credential is the hardest to repay.
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Larry’s Barber College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $928 |
| 75th percentile | $2,700 |
These figures turn the debt totals into a monthly repayment picture for Larry’s Barber College.
The breakdowns below show median federal debt by income, first-generation status, and dependency.
Dependent vs Independent Borrowers
| Cohort | Median federal debt |
|---|---|
| Dependent students | $3,848 |
| Independent students | $3,693 |
The Department of Education computes gap indicators that show how borrowing differs between student groups at Larry’s 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.