by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Larry’s Barber College: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. All figures come from the U.S. Department of Education and IPEDS.
Among first-year students at Larry’s Barber College, 100% of new students use loans toward freshman-year expenses, at roughly $4,012 each — a figure that counts both private and federal student loans.
The average federally funded loan is $4,012, representing 72.9% of the $5,500 federal limit that applies to a typical first-year dependent borrower. 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 Larry’s Barber College, 100% use federal student loans to help pay for their education, averaging $4,547 each per year. It comes to 13.3% above the first-year federal average of $4,012.
Borrowing the same amount each year would add up to roughly $9,094 after two years and $18,188 by the fourth year. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 100% |
| Average federal loan per year | $4,547 |
| Undergraduates with a federal loan | 88 |
| Total federal loans (one year) | $400,160 |
The middle borrower at Larry’s Barber College owes $3,723 in federal borrowing.
| 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.
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at Larry’s Barber College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $928 |
| 75th percentile | $2,700 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Larry’s Barber College.
Median debt differs by income tier, first-generation status, and whether the student is financially dependent.
By Dependency Status
| 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.
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
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.