by our College Data Analytics TeamBelow is federal data on the loans students use to pay for Networks 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.
At Networks Barber College specifically, 72% of incoming undergraduates borrow in year one, averaging $7,677 apiece. This figure includes both private and federally funded student loans.
On the federal side, the average loan is $7,677. This reaches or tops the $5,500 first-year federal borrowing cap for a typical dependent student. Keep in mind the all-undergraduate averages further down count federal loans only, unlike this private-plus-federal freshman figure.
Counting every undergraduate at Networks Barber College, 65% use federal student loans to help pay for their education, for a typical $7,677 annually.
Carrying that yearly figure forward comes to roughly $15,354 after two years and $30,708 after four. The estimate holds federal borrowing constant and does not count private or Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 65% |
| Average federal loan per year | $7,677 |
| Undergraduates with a federal loan | 50 |
| Total federal loans (one year) | $383,863 |
The median student at Networks Barber College borrows $15,900 in federal student loans.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $15,900 |
| Students who completed (graduates) | $16,500 |
| Students who withdrew | $4,750 |
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 Networks Barber College.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $4,500 |
| 75th percentile | $8,500 |
The indicators below describe what the typical debt costs to pay back at Networks Barber College.
Subsidized vs. 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.
Worth Knowing
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.