by our College Data Analytics TeamHere you will find what students actually borrow to attend Barber & Beauty Institute of New York— how much they borrow, how that debt is spread across the student body, and what it costs to pay back. The data below is drawn directly from federal sources.
At Barber & Beauty Institute of New York, 100% of new students use loans toward freshman-year expenses, borrowing on average $1,118 each — a figure that counts both private and federal student loans.
Federal loans alone average $1,118, equal to roughly 20.3% of the $5,500 federal limit that applies to a typical first-year dependent borrower. 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 Barber & Beauty Institute of New York, 100% finance part of their studies with federal loans, with a mean of $5,551 per year. This is 396.5% larger than the $1,118 borrowed by freshmen.
Borrowing at that rate every year works out to about $11,102 in two years and roughly $22,204 over four years. This assumes steady federal borrowing and leaves out private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 100% |
| Average federal loan per year | $5,551 |
| Undergraduates with a federal loan | 39 |
| Total federal loans (one year) | $216,480 |
The middle borrower at Barber & Beauty Institute of New York owes $3,695 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $3,695 |
| Students who completed (graduates) | $4,223 |
Half of all borrowers fall between the 25th and 75th percentiles shown below for Barber & Beauty Institute of New York.
| Percentile | Cumulative Federal Debt |
|---|---|
| 10th percentile (lowest-debt students) | $1,764 |
| 25th percentile | $3,477 |
| 75th percentile | $5,056 |
| 90th percentile (highest-debt students) | $7,389 |
The spread between the lowest- and highest-debt deciles summarizes how variable outcomes are at Barber & Beauty Institute of New York.
These figures turn the debt totals into a monthly repayment picture for Barber & Beauty Institute of New York.
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 | $3,252 |
These pre-calculated indicators summarize the borrowing gaps between cohorts at Barber & Beauty Institute of New York.
The Difference Between Subsidized and Unsubsidized Loans
With an unsubsidized loan, interest starts adding up the day the loan is disbursed, including during school. Subsidized loans, by contrast, do not accrue interest while you are enrolled at least half-time, which makes them the less expensive option when you qualify.
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.