by our College Data Analytics TeamBelow is federal data on the loans students use to pay for New Tyler Barber College Inc: 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 New Tyler Barber College Inc, 83% of first-year students take on loan debt, for an average of $5,500 per borrower, covering both private and federal loans.
On the federal side, the average loan is $5,500, equal to roughly 100.0% of the $5,500 cap on first-year federal borrowing for the typical dependent student. Bear in mind the undergraduate averages later on cover federal loans only, whereas this freshman total folds in private loans too.
Counting every undergraduate at New Tyler Barber College Inc, 50% borrow through federal student loan programs, averaging $6,590 per year. That is 19.8% larger than the $5,500 borrowed by freshmen.
At a steady annual pace, that totals around $13,180 by year two and around $26,360 across a four-year program. These figures assume identical federal borrowing each year and omit private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 50% |
| Average federal loan per year | $6,590 |
| Undergraduates with a federal loan | 33 |
| Total federal loans (one year) | $217,458 |
The middle borrower at New Tyler Barber College Inc owes $9,500 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $9,500 |
Looking only at the median is misleading — these four percentiles describe the full debt distribution for borrowers at New Tyler Barber College Inc.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,500 |
| 75th percentile | $12,500 |
Repayment burden translates the debt figures into what a borrower actually pays each month. New Tyler Barber College Inc.
Defaulting means failing to repay a federal student loan, which carries serious credit consequences. The official Department of Education two-year default rate for New Tyler Barber College Inc is shown below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 11.7% |
| Borrowers in the cohort | 51 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
The Difference Between 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.
Worth Knowing
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.